If you own a share of stock in a company and the risk associated with its business falls, you would expect

Which of the following is the most effective tool used by the Fed?

a. Converting state-chartered banks to nationally-chartered banks b. Shifting deposits from one District Fed to another c. Producing currency to increase the money supply d. Using the federal funds market e. Open market operations

The concept of vertical equity is that

a. income should be taxed instead of property. b. property should be taxed instead of income. c. there should be little movement up or down the social scale. d. persons who are unequal should be treated unequally.