Federal Reserve sales of government securities:
A. increase bank reserves and decrease the money supply.
B. increase bank reserves and increase the money supply.
C. decrease bank reserves and decrease the money supply.
D. decrease bank reserves and increase the money supply.
Answer: C
Economics
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The effect of a tariff or a quota is to
A. raise the price of a commodity in the exporting country above the price in an importing country. B. raise the price of a commodity in an importing country above the price in the exporting country. C. lower the price of the commodity in all countries. D. raise the price of the commodity in all countries.
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Which product will have the most elastic demand curve?
A. Thread B. Heating oil C. A new automobile D. Cigarettes
Economics