If banks borrowed from the Fed when the federal funds rate was below its target level
A) the supply of reserves would decrease and the federal funds rate could fall even further.
B) the supply of reserves would increase and the federal funds rate would rise.
C) the supply of reserves would decrease and the federal funds rate would rise.
D) the supply of reserves would increase and the federal funds rate could fall even further.
D
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Real business cycle proponents would agree with all of the following except
a. the government's efforts to stabilize the economy can be counterproductive. b. unanticipated changes in the money supply are destabilizing to the economy. c. business cycles are a natural response to technology shocks. d. markets are perfectly competitive.
The main criticism Joseph Stiglitz levels at the IMF is that
A. it provides too many loans that are not repaid. B. it no longer promotes economic growth, but rather contraction. C. it does not provide enough loans. D. it does not sufficiently promote the market system.
For which of the following would the absolute price elasticity of demand be greatest?
A. salt B. Dr. Pepper cola C. tickets to the Super Bowl D. gasoline
During which decade did police officers insist on greater procedural safeguards which have been reflected in statutes enacted in many states, generally known as the Peace Officers Bill of Rights?
A) 1960s B) 1980s C) 1990s D) 2000s