To achieve its target when the federal funds rate is below the target range, the Fed could:
A. reduce the reserve requirement.
B. buy bonds.
C. increase the reserve requirement.
D. cut the discount rate.
Answer: C
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This Application discusses the ________ and its enforcement of international trade laws
A) World Trade Organization B) General Agreement on Tariffs and Trade C) European Union D) North American Free Trade Agreement
Which of the following examples best describes the Law of Demand?
A) When John's income doubles, his telephone bill also doubles. B) When the price of bread doubles, John's consumption of bread halves. C) When the price of watches increases, a local manufacturer starts offering more watches for sale. D) When a new anti-tobacco commercial is released, the consumption of tobacco products decreases sharply.
Which of the following illustrates double counting?
A) The total market value of the steel used to produce a car and the total market value of the car itself are summed. B) The total market value of tennis rackets and the total market value of tennis balls are summed. C) The total market value of picture frames and the total market value of camera film are summed. D) The total market value of eyeglasses and the total market value of carpet are summed. E) b and c
The Employment Act of 1946 states that
a. the Fed should use monetary policy only to control the rate of inflation. b. the government should promote full employment and production. c. the government should periodically increase the minimum wage and unemployment insurance benefits. d. All of the above are correct.