Considering open market operations, which of the following observations is incorrect?
a. it can be implemented quickly and cheaply
b. it can be done quietly without a lot of political debate
c. it is potentially the most powerful tool to control the supply of money.
d. it is the most important method now used to control the supply of money.
c
You might also like to view...
Which of the following expenditures associated with the production of a new high-performance SUV will be directly included in GDP?
A) the sale of bonds to finance the construction of the assembly plant B) the purchase of used welding robots to assemble to vehicles C) the purchase of new tires to be installed on the new vehicles D) the purchase of new machine tools to manufacture the engines
The Long-Run Phillips Curve is vertical, suggesting that ________
A) allowing inflation to rise will not succeed in keeping unemployment low B) changes in unemployment have no lasting impact on inflation C) shifts of the short-run Phillips curve impact inflation, but have no effect on unemployment D) all of the above E) none of the above