The federal funds rate is ________ of the Fed
A) a technique
B) a monetary policy rule
C) the monetary policy instrument
D) an objective
E) a goal
C
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Real demand for money is positively related to the level of real income in the economy
Indicate whether the statement is true or false
From the four asset bubbles discussed in this chapter, the one that has the smallest impact on the economy is
A) the 1927-29 U.S. stock market bubble. B) the 1987-89 Japanese stock market bubble. C) the 1996-2000 U.S. stock market bubble. D) the 2001-2006 U.S. housing bubble.
A price floor set above the equilibrium price causes quantity supplied to exceed quantity demanded
a. True b. False Indicate whether the statement is true or false
In the circular-flow diagram, which of the following items does not flow from firms to households?
a. goods b. services c. capital d. profit