Q. What happens to the money supply, interest rates, investment spending and GDP when the Fed makes open market bond purchases, on the one hand, and when it makes open market bond sales, on the other hand.
Q. Describe the impact of rational self-interest on each of the following decisions:
a. Whether to attend college full time or enter the workforce full time
b. Whether to buy a new textbook or a used one
c. Whether to attend a local college or an out-of-town college