What can the Fed do to decrease the supply of money?
a. open market purchases of government bonds
b. increase reserve requirements
c. decrease the discount rate
d. any of the above
b
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Given the following information about Gotham Bank:
Bank Deposits $50,000 Loans 34,000 Reserves 12,000 Reserve Requirement 20 percent Gotham Bank is holding ________ in excess reserves. A) $22,000 B) $12,000 C) $2,000 D) -$2,000
In 2013, the reference base period for the CPI for the nation of Webot, a typical consumer spent $30 on potatoes and $150 on steak
If the price of steak is $15 and the price of potatoes is $1 then there are ________ units of steak and ________ units of potatoes in the CPI market basket. A) 10; 30 B) 150; 30 C) 5; 30 D) 30; 150 E) None of the above answers is correct.
When making a decision, it is easier to identify and evaluate which of the following?
A. Costs associated with the decision. B. Benefits associated with the decision. C. Costs and benefits are equally easy to identify and evaluate. D. Neither of these is often easy to identify and evaluate.
If a technological change reduced the amount of the variable input needed by a firm to produce a unit of output:
a. its AVC curve would shift down. b. its ATC curve would shift down. c. its MC curve would shift down. d. All of the above would occur.