Other things equal. an open market purchase of government ...

[madam-professor]

Other things equal. an open market purchase of government securities by the Fed will not result in which of the following?
 a. increased bond prices
 b. a reduced volume of loans issued by the commercial banking system
  c. decreased interest rates
 d. an increase in the price level

Question 2

The long-run Phillips curve assumes that every unemployed worker who is looking for a job has a constant reservation wage.
 a. True
  b. False
  Indicate whether the statement is true or false

[mcomstock09]

Answer to Question 1

b

Answer to Question 2

False

[madam-professor]

Thanks for the timely response, appreciate it

[amit]

Gracias!