Make use of a T-account to show the effect of the Fed's purchase of $5 billion worth of foreign government securities on the Fed's balance sheet (note: assume the Fed writes a check to purchase the securities)
What will be an ideal response?
The Fed's assets increase as it accumulates $5 billion more in foreign assets (international reserves) and its liabilities increase as reserves. rise by $5 billion
Economics
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If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
A) gasoline increases. B) gasoline decreases. C) food increases. D) food decreases.
Economics
Average productivity can be measured as total output divided by total units of labor
a. True b. False Indicate whether the statement is true or false
Economics