If the Fed wanted to shift to a restrictive monetary policy and reduce the money supply, it could
a. decrease the reserve requirements imposed on commercial banks.
b. purchase U.S. government securities and other financial assets in the open market.
c. decrease the interest rate on loans extended to banks and other financial institutions.
d. increase the interest rate paid on excess reserves encouraging banks to hold excess reserves rather than extend more loans.
D
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Non-neutral technological change is more valuable to labor than neutral technological change
What will be an ideal response?
First-past-the-post voting entails:
A. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner. B. voters ranking all available options and the option most approved of wins. C. one vote with many options, and the option with the most votes wins. D. one vote with many options, and the option that gets to 51% wins.
The crowding out effect of expansionary fiscal policy refers to which of the following?
A. a reduction in private sector planned investment B. the reduction in the size of the budget deficit C. a reduction in interest rates D. the reduction in the size of the inflationary gap
The present value of a future amount of money will be greater the:
A. greater the interest rate. B. less the amount of time before the future payment is received. C. more the amount of time before the future payment is received. D. greater the rate of expected rate of inflation.