Statements about what ought to be are called A) positive ...

[cmoore54]

Statements about what ought to be are called
 
  A) positive statements.
  B) normative statements.
  C) assumptions.
  D) implications.

Question 2

If the Fed buys 100 in securities from a commercial bank, the
 
  A) Fed's assets will decrease.
  B) quantity of money will decrease.
  C) quantity of the bank's reserves will increase.
  D) amount of the bank's reserves will not change.

[mirabriestensky]

Answer to Question 1

B

Answer to Question 2

C

[cmoore54]

YES! Correct, THANKS for helping me on my review

[sultansheikh]

Thanks for the timely response, appreciate it