When the Federal Open Market Committee sells U.S. government securities in the open market, the money supply is reduced

Indicate whether the statement is true or false

T

Economics

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Curly told Larry about his new business venture: Curly pays Acme International $1,000 per month for supplies, works out of his apartment on his own computer and earns a monthly revenue of $1,500. Should Larry quit his job and do what Curly is doing?

A. Yes, as long as Larry has at least $1,000 in savings to get started. B. Not if Larry is earning more than $500 per month at his current job. C. Yes, as long as Larry can work out if his apartment and owns a computer. D. Not unless Larry can borrow the $1,000 monthly payment at no interest.

Economics

In the United States, most people's wealth comes from

A. inheritance. B. transfer payments. C. profits. D. saving.

Economics