When output is below the full employment level of real GDP, the Federal Reserve banks should ________.

A. sell bonds
B. raise the federal funds rate
C. raise the discount rate
D. lower the reserve ratio


Answer: D

Economics

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Indicate whether the statement is true or false

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a. scarcity. b. specialization. c. trade. d. efficiency. e. opportunity cost.

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Indicate whether the statement is true or false

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