The most important advantage of discount policy is that the Fed can use it to
A) precisely control the monetary base.
B) perform its role as lender of last resort.
C) control the money supply.
D) punish banks that have deficient reserves.
B
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What choices do you have, both in your daily life and your long-term outlook, that are more limited in developing countries?
What will be an ideal response?
In the above figure, the opportunity cost of moving from point A to point C is
A) 50 guitars. B) 0 guitars. C) 25 guitars. D) 50 ukuleles.
If the Federal Reserve decreases the rate at which it increases the money supply, then unemployment is higher in
a. the long run and the short run. b. the long run but not the short run. c. the short run but not the long run. d. neither the short run nor the long run.
Skill-biased technological has different effects on the marginal products of ________ workers and ________ workers.
A. male; female B. government; private-sector C. union; nonunion D. higher-skilled; lower-skilled