If the Federal Reserve conducts an open market sale, the:

A. interest rate will not change.
B. interest rate will increase.
C. interest rate will decrease.
D. money supply is increased.

Answer: B

Economics

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Keynesians believe that the economy will never will reach a full employment equilibrium.

Answer the following statement true (T) or false (F)

Economics

Suppose there is no unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true?

A) It can only achieve this with an advance in technology. B) It can increase output without giving up another good. C) It can only achieve this with an increase in resource supplies. D) It will have to give up production and consumption of some other good.

Economics