Reserve requirements on bank deposits are set by
A) the SEC.
B) the Federal Reserve board of governors.
C) the Federal Reserve district banks.
D) Congress.
B
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A decrease in the discount rate
A) reduces the cost of borrowing from the Fed. B) increases the cost of reserves borrowed from the Fed. C) signals the Fed's desire to decrease the money supply. D) signals the Fed's desire to reduce lending to commercial banks.
Suppose an individual's MRS (of steak for beer) is 2:1 . That is, at the current consumption choices he or she is willing to give up 2 beers to get an extra steak. Suppose also that the price of a steak is $1 and a beer is 25ยข. Then in order to increase utility the individual should
a. buy more steak and less beer. b. buy more beer and less steak. c. continue with current consumption plans. d. Not enough information to answer the question.
If what producers intend to produce for consumption is precisely what consumers intend to consume, then the economy will be in equilibrium
Indicate whether the statement is true or false
The United States has not experienced a recession as severe as the 2007-2009 downturn since the 1930s
a. True b. False Indicate whether the statement is true or false