A central bank has three traditional tools to conduct monetary policy: open market operations, reserve requirements, and discount rates.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. A central bank has three traditional tools to conduct monetary policy: open market operations, reserve requirements, and discount rates.
You might also like to view...
Steady-state consumption per worker is
A) larger in the short run than in the long run. B) less than steady-state investment per worker. C) less than steady-state saving per worker. D) steady-state production per worker minus steady state investment per worker.
According to Douglass North (1981, 1993), to knowledgeably understand our present economy or to strategically speculate about its future, it is important to "explain the structure and performance of economies through time."
Indicate whether the statement is true or false
In the Keynesian zone of the short-run aggregate supply, what happens when aggregate demand increases?
a. There is increasing unemployment pressure. b. There is inflationary pressure. c There is no inflationary pressure. d. There is a lack of growth.
The Medicare pay-as-you-go system is jeopardized by:
a. the changing demographics of the U.S. population with an increasing percentage over the age of 65. b. an overly generous fee schedule that pays physicians more than private insurance for most procedures. c. the rising costs of long-term care. d. allowing physicians to balance bill their patients. e. a reliance on the premiums paid by the elderly themselves to fund a majority of the total cost of the system.