Assuming the demand curve in question is downward sloping, the calculated price elasticity of demand will always be negative

Non-traded securities are part of

A) direct but not indirect finance. B) indirect but not direct finance. C) direct and indirect finance. D) neither direct nor indirect finance.

Compared to the past, FOMC meetings are now much more transparent. How might this transparency impact the effectiveness of monetary policy actions?

A) The transparency helps make the Fed's actions more credible and should help make policy actions more effective. B) The transparency undermines the effectiveness since financial markets can more quickly adjust their behavior to fight the policy actions. C) The transparency counteracts the secrecy in which fiscal policy is enacted, and therefore decreases its effectiveness. D) The transparency lengthens policy lags, so monetary policy takes longer to implement and take effect.