A sale of securities by the Fed causes
A) a contraction of the money supply equal to the amount of the securities sold.
B) an expansion of the money supply equal to the amount of the securities sold.
C) a multiple expansion of the money supply greater than the amount of the securities sold.
D) a multiple contraction of the money supply greater than the amount of the securities sold.
D
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When a price support is set below the equilibrium price, producers ________ the quantity supplied, and consumers ________ the quantity demanded
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) do not change; do not change
The accounting profit of a business firm is also called:
a. royalty income. b. net income from equity. c. compensatory income. d. windfall gain. e. net operating income.