What was the lowest federal funds rate target the Fed set in response to the financial crisis?
A. 0 percent
B. 1.8 percent
C. 2.0 percent
D. 2.2 percent
Answer: A
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The relative price of a good is
A) an opportunity cost. B) equal to the money price of a good. C) equal to the price of that good divided by the quantity demanded of the good. D) what you get paid for babysitting your cousin.
During the 20th century, U.S. death rates
(a) exhibited the same cyclical waves as birth rates. (b) fell with advancements in healthcare and medicine. (c) exhibited an upward trend. (d) generally stayed flat.
Suppose there are 20 competitive firms in a market. The supply curve of each firm is q = 2p. The market demand is Q = 200 - 2p. What is the residual demand curve facing a typical firm?
What will be an ideal response?
A government budget deficit occurs when government expenditures are:
a. Less than government revenues b. Greater than government revenues c. Increasing and government revenues are increasing d. Decreasing and government revenues are decreasing