If the central bank targets a monetary aggregate, it is likely to lose control over the interest rate because
A) of fluctuations in the demand for reserves.
B) of fluctuations in the consumption function.
C) bond values will tend to remain stable.
D) of fluctuations in the business cycle.
A
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Items bought by businesses to help produce other goods and services are called
A) capital goods. B) exports of goods and services. C) government goods and services. D) productive goods. E) consumption goods and services.
Which of the following resources is not essential in the production of a typical cheese pizza?
A) Dough B) Sauce C) Heat D) Fodder for cows E) Trick question: all of the above are essential.
If a firm faces a flat demand curve,
A) it cannot engage in price discrimination. B) it can only engage in two-part tariffs. C) it can only engage in perfect price discrimination. D) None of the above.
What are the reasons for preferring competition to monopoly?