Illustrate the effect of an open market sale of $20 million worth of Treasury bills on the Fed's balance sheet
What will be an ideal response?
The Fed's assets decline as it sells $20 million worth of securities and its liabilities decrease by $20 million due to a decline in reserve.
Economics
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The introduction of a tariff will be expected to
A. reduce imports. B. increase the prices of exports but have no effect on the level of imports. C. reduce the prices of exports but have no effect on the level of imports. D. increase exports.
Economics
The effect of a change in the wage rate on the number of hours people are willing and able to work is stronger when the:
A. supply of labor is inelastic. B. supply of labor is elastic. C. demand for labor is inelastic. D. demand for labor is elastic.
Economics