Author Question: An open market purchase of securities by the Fed A) increases banks' reserves and decreases ... (Read 118 times)

ashley · **on:** Jun 29, 2018

An open market purchase of securities by the Fed

A) increases banks' reserves and decreases banks' securities.
B) decreases banks' reserves and increases banks' securities.
C) decreases banks' total assets.
D) involves a bank purchasing government securities from the Fed.

Question 2

Which growth theory models growth as a perpetual motion machine?

A) new growth theory
B) classical growth theory
C) neoclassical growth theory
D) all growth theories model growth as a perpetual motion machine