An Open-Market Purchase

question 28

Multiple Choice

An open-market purchase

• A)increases the number of dollars and the number of bonds in the hands of the public.
• B)increases the number of dollars in the hands of the public and decreases the number of bonds in the hands of the public.
• C)decreases the number of dollars and the number of bonds in the hands of the public.
• D)decreases the number of dollars in the hands of the public and increases the number of bonds in the hands of the public.

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Definitions:

More Affluent

Having a greater amount of wealth or resources; typically used to describe individuals or areas with a higher economic status.

Downward Mobility

The phenomenon where individuals or groups experience a decline in their socioeconomic status.

Federal Poverty Line

Federal index that defines “official” poverty in the United States based on household income; updated annually.

Official Poverty

A governmentally determined poverty threshold that indicates the minimum level of income required to meet basic needs.