In order to change the money supply, the Fed might use all of the following tools except:
A. open market operations.
B. discount window.
C. reserve requirement.
D. deficit spending.
Answer: D
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"A single-price monopolist will always charge a price that is on the elastic range of its demand." Explain why the previous statement is correct or incorrect
What will be an ideal response?
Markets can be missing:
A. because public policy prevents the market from existing. B. when the production of a particular good is banned. C. because of a lack of accurate information between potential buyers and sellers. D. All of these are true.
Suppose that the U.S. personal income tax was eliminated and replaced with a fixed tax that raised the exact same amount of revenue. The multiplier would be
a. larger. b. unchanged. c. smaller. d. incalculable.
Joan uses some of her income to buy mutual fund shares. A macroeconomist refers to Joan's purchase as investment
a. True b. False Indicate whether the statement is true or false