When the Fed sells government securities
A) reserves decrease, leading to a decrease in the money supply by an amount more than the sale of the government securities.
B) reserves increase, leading to a increase in the money supply by an amount more than the sale of the government securities.
C) reserves increase, leading to a decrease in the money supply by an amount more than the sale of the government securities.
D) reserves decrease, leading to a increase in the money supply by an amount more than the sale of the government securities.
A
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Among developed countries, the United States has
A) one of the lower Gini coefficients. B) one of the higher Gini coefficients. C) the most unequal distribution of income. D) an income distribution right about at the median of those countries.
Which of the following are common barriers to entry?
A) economies of scale B) absolute unit-cost advantages C) capital access and costs D) all of the above