Author Question: An open market purchase of Treasury securities by the Federal Reserve causes the reserves of banks ... (Read 136 times)

WhattoUnderstand · **on:** Jun 29, 2018

An open market purchase of Treasury securities by the Federal Reserve causes the reserves of banks to rise.

Indicate whether the statement is true or false

Question 2

List three reasons why one type of labor may be paid more than another.

What will be an ideal response?

juiceman1987 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

(1.) Some people are born with attributes that translate into valuable
skills.
(2.) Some people have invested in human capital to improve their skills.
(3.) Some jobs are more desirable than others.