During a period of hyperinflation the Fed would probably be doing each of the following except
A. raising the discount rate.
B. lowering reserve requirements.
C. raising interest rates.
D. selling securities on the open market.
B. lowering reserve requirements.
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Suppose an individual buys a new CD of her favorite musical artist. This purchase has taken place in the
A) labor markets. B) factor markets. C) resource markets. D) product markets.
Keynes believed that the instability in income was caused by variability in
a. investment. b. taxes. c. consumption and savings. d. government spending.
Which of the following economic perspectives for decision making is a statement that describes the world as it is?
a. Positive statement b. Normative statement c. Cognitive statement d. Reflective statement
Which of the following will not help to prevent bank runs?
a. government insurance of deposits b. fractional reserve banking c. 100% reserve banking d. All of the above prevent bank runs.