An Open Market Purchase

question 11

Multiple Choice

An open market purchase

• A) shifts the supply curve for reserves to the right and causes the federal funds rate to fall.
• B) shifts the demand curve for reserves to the right and causes the federal funds rate to rise.
• C) shifts the supply curve for reserves to the left and causes the federal funds rate to rise.
• D) shifts the demand curve for reserves to the left and causes the federal funds rate to fall.

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Definitions:

Married

The state of being united to a person of the opposite sex as husband or wife in a legal, consensual, and contractual relationship recognized and sanctioned by and dissolvable only by law.

Property

Refers to possessions or assets that are owned by an individual or entity, including physical items, real estate, and intellectual rights.

Education Emphasis

The particular focus or importance placed on learning and academic achievement within a culture, system, or practice.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.