A decline in the domestic real interest rate would cause a ________ in net exports and a ________ in the exchange rate

What is the largest component of GPDI?

A) residential fixed investment B) nonresidential fixed investment C) inventory investment D) consumer durables

Which of the following statements is true of open-market operations?

a. Open-market operations involve clearing checks b. Open-market operations involve lending money to member banks. c. Open-market operations involve accepting deposits from member banks. d. Open-market operations involve the Fed's purchase and sale of government securities. e. Open-market operations involve the Fed's purchase and sale of foreign exchange.