If the Fed chooses to control the interest rate, it
a. gives up the opportunity of determining the discount rate
b. loses control over the money supply
c. gives up the opportunity of determining the legal reserve requirement
d. gives up the opportunity of determining the federal funds rate
e. gives up the opportunity of determining the level of investment
B
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Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States
A) frictional unemployment is higher B) frictional unemployment is lower C) cyclical unemployment is higher D) structural unemployment is higher E) avoidable unemployment is lower
Suppose that when the price of good X changes, the quantity of good Y demanded remains the same. The cross price elasticity of demand is
A) zero. B) positive. C) negative. D) either positive or negative.
Why is the advent of monopoly likely to shift cost curves?
What will be an ideal response?
Table 19.2Quantity ConsumedTotal UtilityMarginal Utility115152 9330 4 3In Table 19.2, the marginal utility of the third unit is
A. 30. B. 5. C. 6. D. 3.