If U.S. buyers purchased $500 billion of foreign goods and foreign buyers purchased $400 billion of U.S. goods, the U.S. balance of trade would be:

The FOMC meets approximately eight times per year and at these meetings they

a. set a target federal funds interest rate. b. set a target money supply. c. set a target employment target. d. All of the above e. None of the above

An increase in the parameter c, the proportion of money individuals wish to hold as currency, will tend to cause which of the following?

A) an increase in the monetary base (H) B) a reduction in H C) an increase in the money multiplier D) a reduction in the money multiplier