If firms are producing an output greater than planned expenditures, these firms will cut back on production, which decreases GDP

In a "reverse repurchase agreement," the Fed:

A. takes on assets besides T-Bills in exchange for T-Bills. B. takes on T-Bills in exchange for other assets besides T-Bills. C. takes on T-Bills in exchange for reserves. D. takes on reserves in exchange for T-Bills.

Which of the following does not aid the process of globalization?

a. Lower transportation costs b. Cheaper telecommunication c. Discrimination of workers based on age d. International agreements that encourage trade