If the Fed Wanted to Maintain a Constant Interest Rate

question 12

Multiple Choice

If the Fed wanted to maintain a constant interest rate after an increase in government spending, it would need to

• A)buy government securities in open market operations
• B)sell government securities in open market operations
• C)raise reserve requirements
• D)increase the primary credit rate (the discount rate)
• E)increase the currency-deposit ratio

Comprehend the fundamental concepts of computer languages, including machine language, assembly language, and high-level languages.

Recognize the historical development of computing devices and their evolution.

Distinguish between input and output devices.

Learn about the role of the operating system in managing computer resources.

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Definitions:

Opportunity Cost

The value of the next best alternative that must be forgone as a result of choosing one option over another.

Cookie

A small, sweet baked treat, often containing flour, sugar, and oil or fat, and possibly containing chocolate chips, nuts, or other ingredients.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than any competitor.

Comparative Advantage

A principle that states a country or individual can produce a particular good or service at a lower opportunity cost than others.