An open market sale by the Fed
A) decreases the money supply and increases output.
B) increases the money supply and decreases output.
C) decreases the money supply and decreases output.
D) increases the money supply and increases output.
C
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Which of the following accounts for approximately three-fourths of all welfare spending?
a. the school lunch program b. the earned income tax credit c. unemployment compensation and workers' compensation combined d. "in-kind" transfers e. cash transfers
The aggregate supply curve reflects the relationship between the price:
a. of a particular good and the quantity supplied by all firms producing that good. b. of a particular good and the quantity supplied by the aggregate economy. c. level and the quantity supplied of all goods in the economy. d. level and the quantity of all goods purchased in the economy.