Which is not something the Fed can do directly to conduct monetary policy?
A. Change the reserve requirement
B. Change the exchange rate
C. Change the discount rate
D. Execute open market operations
Answer: B
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Using the demand schedule in the above table, the marginal revenue for a perfectly price discriminating monopolist from the sale of the third unit of output is
A) $3. B) $4. C) $5. D) $6.
Pension plans, because of the __________-term nature of their liabilities, prefer to hold __________-term assets
A) long; long B) long; short C) short; long D) short; short
Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, by Q2 of 2008, the gap between adjustable mortgage rates and the share of subprime mortgages was ______.
a. the greatest it had ever been
b. the smallest it had ever been
c. narrowing
d. expanding
Without automatic stabilizers
A. real GDP would fluctuate much more widely. B. real GDP would not be affected. C. the budget would be in balance during a time of recession. D. the real GDP would fluctuate less widely.