The change illustrated in the figure above can be the result of the Fed ________ government securities in the open market and will ultimately lead to ________ in aggregate demand
A) selling; an increase
B) selling; no change
C) buying; no change
D) buying; an increase
E) selling; a decrease
D
Economics
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If one really believes that price spikes known as "price gouging" are due to a surge in greed among suppliers, then
A) they haven't quite mastered the economic way of thinking. B) their comfort in knowing that thousands if not millions of others agree with them is not sufficient economic evidence to conclude that their claim is correct. C) their claim implies that significant price decreases are due to a sudden reduction in greed among suppliers. D) all of the above are true.
Economics
Two goods must have infinite cross elasticities to be considered as belonging to the same market
Indicate whether the statement is true or false
Economics