Economies where goods and services are traded directly for other goods and services are called ________ economies

In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, an open market purchase ________ the supply of reserves and causes the federal funds interest rate to ________, everything else held constant

A) decreases; fall B) increases; fall C) increases; rise D) decreases; rise

The Fisher equation implies ________

A) the nominal interest rate equals the real rate of inflation plus expected inflation B) the real interest rate equals expected inflation C) expected inflation equals current inflation D) the rate of inflation equals the real minus the nominal rates of interest E) none of the above