Which type of thrift institution was relatively unaffected by the traumas of deregulation in the 1980s?

Everything else remaining unchanged, what will happen if the Fed sells government bonds in the open market and borrowed reserves is zero?

A) It will cause both the equilibrium federal funds rate and equilibrium quantity of reserves to fall. B) It will cause the equilibrium federal funds rate to fall, but no change in the equilibrium quantity of reserves. C) It will cause the equilibrium federal funds rate to rise, but no change in the equilibrium quantity of reserves. D) It will cause the equilibrium federal funds rate to rise and the equilibrium quantity of reserves to fall.

While the classical economists believed that both velocity and output are stable, Keynesians believe:

a. velocity and output are both variable. b. output is stable and velocity is variable. c. the same as the classical economists that both output and velocity are stable. d. velocity is stable and output is variable.