Which policy tool allows the Federal Reserve the greatest control over monetary policy?
A) the reserve requirement B) open market operations
C) lender of last resort D) the discount rate
B
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Refer to the table above. What is the total revenue when the monopolist charges a price of $6?
A) $1,550 B) $1,800 C) $2,150 D) $3,200
Exhibit 10-12 Income distribution for three countries QuintileCountry I (%) Country II (%) Country III (%) Poorest 6 8 4 Second12 12 8 Third15 15 10 Fourth27 30 30 Richest40 35 48 Exhibit 10-12 shows the percentage of income received by each population quintile. From this chart we can conclude:
A. Country I has the most unequal income distribution. B. Country III has a more equal income distribution than Country II. C. Country II has the most unequal income distribution. D. Country II has the most equal income distribution.
Efficiency is defined as
A) the maximum consumption of goods. B) the production of goods and services. C) the production of output at minimum cost. D) the most profits for companies.
The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision
A) employer mandate B) state health insurance marketplaces C) individual mandate D) regulation of health insurance