Since the mid-1980s, if the Fed wanted to shift to a more expansionary monetary policy, it would
a. expand the reserves available to the banking system, which would drive down short-term interest rates.
b. reduce the reserves available to the banking system, which would drive down short-term interest rates.
c. expand the reserves available to the banking system, which would drive up short-term interest rates.
d. reduce the reserves available to the banking system, which would drive up short-term interest rates.
A
You might also like to view...
Table 5-1 Number of milkshakes consumed123Total utility from milkshakes (in $)$23$28$31Number of sandwiches consumed123Total utility from sandwiches (in $)$40$43$45? ? Table 5-1 gives information on George’s total utility from consuming milkshakes and sandwiches. If George’s income this week is $15, milkshakes are $3 each, and sandwiches $2, he will maximize his utility if he buys
A. three milkshakes and two sandwiches. B. three milkshakes and three sandwiches. C. no milkshakes and as many sandwiches as possible. D. two milkshakes and three sandwiches.
The above table shows Homer's marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is $1 per pound, the price of cake is $2 per slice and Homer has $9 to spend on cookies and cake
Homer will consume ________ pounds of cookies and ________ slices of cake. A) 5; 2 B) 2; 5 C) 3; 3 D) None of the above answers is correct.
Although it may be difficult to draw causal relationships, still statistical evidence shows that, over time,
a. there is no relationship between levels of saving and economic growth b. there is an inverse relationship between levels of saving and economic growth c. higher levels of saving are associated with lower levels of economic growth d. lower levels of saving are associated with lower levels of economic growth e. lower levels of saving are associated with higher levels of economic growth
Acyclical variables:
a. Move in the same direction as the business cycle b. Only move in the same direction as the business cycle during recessions c. Only move in the same direction as the business cycle during expansions d. Move in the opposite direction as the business cycle e. None of the above.