Which one of the following is among the Federal Reserve's tools to control short-term interest rates?
A. Limits on credit card interest rates
B. Raising or lowering taxes on financial institutions
C. Controlling the demand for money
D. Open market operations
Answer: D
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Individuals who are not working and are not actively looking for work are counted as unemployed if they have looked for work in the past
Indicate whether the statement is true or false
Along the short-run Phillips curve SRPC2 the natural unemployment rate is
A) 8 percent. B) 3 percent. C) 4 percent. D) 6 percent. E) an amount that can be determined from the figure but none of the above answers is correct.
Noncontrollable expenditures are called "noncontrollable" because
A) they increase at the same rate as the public debt. B) they change without congressional action. C) only the president can approve these entitlement payments. D) the political process determines the size of the payments.
Which of the following events prompted the birth of market monetarism?
A) the Great Depression B) the Great Recession C) the 1907 Bankers' Panic D) the establishment of the European Union