Refer to the given figure.
If the Federal Reserve wants to raise the interest rate to 7 percent, it must ________ the money supply to ________.
A. increase; 300
B. increase; 900
C. increase; 700
D. decrease; 300
Answer: D
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An illustration of the term "automatic stabilizer" is provided by
A. The tendency of tax collections to rise as the economy moves into a recession. B. The tendency of tax collections to fall as the economy moves into a recession. C. Increases in tax rates as the economy moves into a recession. D. Decreases in tax rates as the economy moves into a recession.
How many Federal Reserve district banks are there in the United States?
A. 48 B. 12 C. 5 D. none of these
The required reserves of a bank are:
a. held as deposits with the Federal Reserve System. b. equal to its loans. c. equal to its checkable deposits. d. none of these.
Answer the following statement(s) true (T) or false (F)
1. The Clean Air Interstate Rule (CAIR) included an annual SO2 trading program. 2. NOX contributes both to acid rain and to the formation of ground-level ozone. 3. Because NOX readily moves across state borders, a series of interstate collaborations formedover time to address the problem, but none established a trading program. 4. Two new NOX cap-and-trade programs were launched under the Clean Air Interstate Rule (CAIR). 5. RECLAIM is a California trading program that used trading credits in a regional market for sulfur oxide and nitrogen oxide.