Within certain limits, the reserve requirement for check able deposits are established by
a. Congress.
b. the U.S. president.
c. each Federal Reserve Bank.
d. the Board of Governors.
d. the Board of Governors.
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Refer to Figure 26-7. Suppose the economy is in short-run equilibrium above potential GDP, the unemployment rate is very low, and wages and prices are rising
Using the static AD-AS model in the figure above, the correct Fed policy for this situation would be depicted as a movement from A) A to B. B) B to C. C) C to D. D) C to B. E) A to E.
The exogenous variable in the monetary policy curve is ________
A) the policy parameter, ? B) the real interest rate C) the autonomous component, D) the federal funds rate E) the inflation rate
Joe's budget constraint equals 500 = 2F + 100S, where $500 is Joe's income, $2 is the price of food (F, y-axis) and $100 is the price of shelter (S, x-axis). How much food can Joe buy if he buys one unit of shelter?
A) 2 units B) 200 units C) 250 units D) 400 units
When real output decreases, planned aggregate expenditures decrease because:
A. induced expenditures decrease. B. autonomous expenditures increase. C. induced expenditures increase. D. autonomous expenditures decrease.