The percentage of deposits that banks must hold as reserves is called the
A) percentage rate.
B) required reserve ratio.
C) Fed rate.
D) discount rate.
B
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Assume that targeted inflation is 1 percent. According to the Taylor rule, the federal funds rate is:
a. equal to 2 percent if inflation and output are at their target level. b. equal to 6 percent if inflation is 3 percent, output is at its target level and the Fed's targeted federal funds rate is 2 percent. c. equal to 4 percent if inflation is 2 percent , output is 2 percent above its target level and the Fed's targeted federal funds rate is 2 percent. d. none of the above are correct.
A sufficient measure of the effectiveness of government redistribution is to look at the overall level of taxpayer dollars spent on redistributive activities
a. True b. False
Which of the following are important components of the hydrologiccycle?
a. evaporation c. precipitation b. transpiration d. all of the above
OutputMarginal RevenueMarginal Cost0----1$16$142169316154162151628Refer to the above data. At the profit-maximizing output, the firm's total revenue is:
A. $38. B. $48. C. $80. D. $64.