(A). In the 1970s when the Bank of England used monetary policy to trade off higher inflation for lower unemployment what happened ? O a. Unemployment was kept low and steady O b. There was low inflation and low unemployment O c. There was high unemployment and high inflation O d. Inflation declined but unemployment stayed high
(A). In the 1970s when the Bank of England used
O a. Unemployment was kept low and steady
O b. There was low inflation and low unemployment
O c. There was high unemployment and high inflation
O d. Inflation declined but unemployment stayed high
(B). For the Fed to reduce the money supply using open market operations it should ...
O a. Increase the money supply.
O b. Lower the minimum reserve requirement.
O c. Buy treasury bills from banks.
O d. Sell treasury bills to banks.
(C). Which of the following is not a result of expansionary Open Market Operations?
O a. Increase in the money supply.
O b. Less investment spending.
O c. Banks make more loans.
O d. Decrease in the federal funds rate.
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(A). For the Fed to reduce the money supply using open market operations it should ...
O a. Increase the money supply.
O b. Lower the minimum reserve requirement.
O c. Buy treasury bills from banks.
O d. Sell treasury bills to banks.
(b). Which of the following is not a result of expansionary Open Market Operations?
O a. Increase in the money supply.
O b. Less investment spending.
O c. Banks make more loans.
O d. Decrease in the federal funds rate.
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