Question 37 {2 points! If the quantity of money demanded exceeds the quantity of money supplied. then the C) interest rate stays the same. 0 interest rate will increase. 0 interest rate will decrease. 0 effect on the interest rate is indeterminate. Question 33 {2 points] One of the essential functions that a bank performs is O purchasing government bonds. 0 creating deposits by lending required reserves. 0 transferring money from savers to lenders. 0 owning assets like real estate. Question 39 {2 points! Selling government bonds through open market operations allows the Federal Reserve to 0 decrease money in the treasury. 0 decrease the money supply in the private sector. 0 receive discounts on future sales. 0 receive a high rate of interest on the ponds. Question 40 {2 points] The Federal Reserve influences the level of interest rates in the short run by changing the O demand for money through open market operations. 0 demand for money through changes in reserve requirements. 0 supply of money through open market operations. 0 supply of money through changes in stock market operations. Question 41{2 points] An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as O absolute progress. 0 efficiency progress. 0 capital investment. 0 technological progress. Question 42 {2 points] Economic growth is severely impeded in economies O with a lack of clear property rights. 0 with a strong central government. 0 with high rates of convergence. 0 which encourage induced innovation