In the Short Run,open-Market Sales

question 39

Multiple Choice

In the short run,open-market sales

• A)increase the price level and real GDP.
• B)decrease the price level and real GDP.
• C)increases the price level and decreases real GDP.
• D)decreases the price level and increases real GDP.

---

Definitions:

Variance

An indicator of the variability or extent to which a collection of data values is spread out from their average.

API Gravity

A measure of how heavy or light a petroleum liquid is compared to water, used to classify oils.

Confidence Interval

An estimated range of values which is likely to include an unknown population parameter, calculated from a given set of sample data.

Price Per Barrel

The cost of a single barrel of goods, often used to refer to crude oil in the commodities market.