3 basic tools of monetary policy
What will be an ideal response?
open market operations
reserve requirements
discount rates
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A chief reason firms give employees bonuses based on the firm's profit is to cope with
A) the tax laws. B) the law of diminishing returns. C) the principal-agent problem. D) unions.
Incentive compensation schemes are more likely to be value enhancing if:
A. they can accurately account for the dysfunctional behavior of the principal. B. they can minimize the administrative cost borne by the agent. C. they are designed to limit the agent's gaming behavior. D. they are designed to minimize the principal's average cost.
Assuming QF is the full employment equilibrium then in Figure 11.2, if the level of spending is equal to AD1, the AD shortfall would be
A. Equal to YZ. B. Greater than XZ. C. Equal to XY. D. Equal to XZ.
The government office in charge of collecting official employment statistics is the:
A. Bureau of Industry and Security. B. Bureau of Economic Analysis. C. Bureau of the Census. D. Bureau of Labor Statistics.