Medicare and Medicaid were enacted by the Johnson administration in 1965 as amendments to which federal law already in existence?
a. Welfare Act of 1960.
b. Social Security Act.
c. Employee Retirement and Income Security Act.
d. Managed Care Act.
e. Equal Rights Act.
B
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Compared to the other tools the Fed uses to change the money supply, the discount window is used:
A. more often than open market operations and the reserve requirement. B. less often than open market operations, but more often than the reserve requirement. C. about the same as open market operations, but more often than the reserve requirement. D. more often than open market operations, and about the same as the reserve requirement.
When considering the change to the money demand curve, if the interest rate rises, the quantity demanded is:
A. lower, moving rightward along the money demand curve. B. lower, moving leftward along the money demand curve. C. higher, moving leftward along the money demand curve. D. higher, moving rightward along the money demand curve.