When the Federal Reserve purchases a government bond from a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant

Government spending plays no role in meeting our social and public needs

a. True b. False Indicate whether the statement is true or false

If an outdoor vendor loses her job when winter weather comes, this individual is

A. structurally unemployed. B. seasonally unemployed. C. cyclically unemployed. D. chronically unemployed.