The federal funds rate is determined in which of the following markets?
A) the market for U.S. treasury securities
B) the money market
C) the bond market
D) the market for central bank money
E) none of the above
E
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Government policies intended to increase aggregate spending and output are called ________ policies.
A. expansionary B. aggregate C. fiscal D. monetary
The price elasticity of demand for good x is defined as:
a. percentage change in px / percentage change in x. b. percentage change in x /percentage change in px. c. percentage change in x/percentage change in income. d. percentage change in x /percentage change in py.
The Federal Reserve has
A. no control or influence over any significant macroeconomic variables. B. oversight on issues of the environment C. indirect influence over macroeconomic variables, such as unemployment and inflation through the use of intermediate targets. D. direct control over macroeconomic variables, such as unemployment and inflation.
The Consumer Price Index is calculated by the
A) Federal Reserve Bank of New York. B) Department of Commerce. C) Bureau of Labor Statistics. D) Department of Labor. E) Society for Consumer Protection.