During 2008-2013, the Fed initiated several rounds of "quantitative easing.". Under this policy, the Fed
a. increased its purchases of financial assets and thereby injected additional reserves into the banking system.
b. increased its purchases of financial assets, which reduced the reserves available to the banking system.
c. reduced its purchases of financial assets and thereby injected additional reserves into the banking system.
d. reduced its purchases of financial assets and thereby reduced the quantity of reserves available to the banking system.
A
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If a country has an absolute advantage in producing a product, it must also have a comparative advantage in producing that product
Indicate whether the statement is true or false
In the present, most of the exports from China are
A) manufactured goods. B) services. C) primary products including agricultural. D) technology intensive products. E) overpriced by world market standards.