5) As a result of an open market purchase, bank reserves

and interest rates both rise

fall and interest rates rise

and interest rates both fall

rise and interest rates fall

59.

6) Demand-pull inflation results from

attempts by financial markets to deal with bracket creep

workers' pressure for higher wages

policymakers' attempts to increase aggregate demand for current output above the full-employment level

attempts by the public to receive higher after-tax returns on their savings

60.

7) In an efficient market, the market price of an asset

is fixed by federal regulators after a thorough consideration of all available information

is largely determined on the demand side because the supply of assets in such markets is generally fixed

equals the present value of expected future returns

reflects the returns the asset has been earning previously

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