Which of the following tools is NOT a policy tool of the Fed?
A) last resort loans
B) the tax rate on interest income
C) the reserve ratio
D) open market operations
B
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The figure above shows the loanable funds market. If the real interest rate is 2 percent, then
A) there is a surplus in the loanable funds market. B) there will be a leftward shift in the demand for loanable funds curve. C) there will be government intervention in the market to make sure there is no credit crisis. D) there is a shortage in the loanable funds market E) the demand for loanable funds curve will shift rightward.
In the figure above, a decrease in the quantity of oil supplied but NOT a decrease in the supply of oil is shown by a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
In the above figure, the opportunity cost of moving from point D to point C is
A) 20 guitars. B) 50 ukuleles. C) 55 guitars. D) 25 ukuleles.
The short-run macro model is used most often to determine changes in
a. nominal output b. net output c. gross output d. financial output e. real output.