A matched sale-purchase agreement of government securities by the Fed
A) permanently increases bank reserves.
B) temporarily increases bank reserves.
C) permanently reduces bank reserves.
D) temporarily reduces bank reserves.
D
Economics
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Which of the following would NOT affect a good's price elasticity of demand?
A) the ease of substitution between goods B) the cost of producing the good C) the number of substitute goods available D) the proportion of one's budget spent on an item
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What term do economists use to refer to the satisfaction that an individual expects to receive from consuming a good or service?
a. utility b. response c. usability d. demand e. desirable
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