Economics is the study of how ________ manages its ________ resources to satisfy its wants.
A) society; unlimited
B) society; scarce
C) a household; unlimited
D) a household; scarce
Question 2
In order to raise the federal funds rate, the Fed ________ government securities in open market operations, so that banks' reserves ________ and the quantity of money ________.
A) buys; decrease; increases
B) buys; increase; decreases
C) sells; decrease; decreases
D) sells; increase; decreases
E) buys; increase; increases
