An "open market operation" is said to occur when the Fed
A) arranges for the merger of two banks.
B) changes the interest rate at which it lends reserves.
C) transfers reserves between banks.
D) buys or sells government securities.
D
Economics
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Expenditures in GDP do not include
A) used goods or financial assets. B) financial assets or investment. C) used goods or investment. D) investment, stocks, or bonds. E) government expenditures on goods and services.
Economics
Let MP = marginal product, P = output price, and W = wage, then the equation that represents a situation where a competitive firm should lay off some workers to maximize profits is
A) P × MP > W. B) P × MP < W. C) MP × W = P. D) P × MP = W.
Economics