A new technology that increases labor productivity will shift the

Which of the following directs the buying and selling of U.S. government securities?

a. Board of Governors b. District Federal Reserve Banks c. Federal Open Market Committee d. Federal Advisory Council e. member banks

Before the Great Depression of the 1930s, most economists believed that

a. only active government policy could prevent recessions or inflation. b. a capitalist economy had a natural tendency to cure recessions or inflation. c. a capitalist economy had a natural tendency to inflation. d. recessions and depressions were inevitable until the economy broke down completely.