One positive aspect of rent ceilings is that they help reduce the time and expense associated with apartment hunting

When the Fed wants to undertake open market operations, it

A) buys or sells securities through the trading desk at the New York Federal Reserve Bank. B) can require all commercial banks to buy from or sell to it. C) can require all member banks to buy from or sell to it. D) buys from or sells to the U.S. Treasury.

Suppose the government wants to maintain a balanced budget. To achieve this goal, when the economy falls into recession government would need to ________ taxes, which would cause aggregate demand to ________

A) increase; decrease B) decrease; increase C) decrease; decrease D) increase; increase