All of the following impact the effectiveness of Fed policy except
A. Global sources of money.
B. The willingness or reluctance of banks to lend funds.
C. The responsiveness of interest rates to changes in the money supply.
D. How well the Treasury follows the Fed's directions for releasing money.
Answer: D
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The question of scarce resources and unlimited wants is addressed in
a. psychology b. history c. political science d. economics e. anthropology
A firm's labor demand curve is derived from the supply of the goods and services it produces
a. True b. False
Society can produce at a point outside the production possibilities frontier, but only if it is using all of its resources efficiently
a. True b. False Indicate whether the statement is true or false
Keynesian economists believe that in the short run,
A. money neutrality exists and prices do not adjust rapidly. B. money neutrality exists and prices adjust rapidly. C. money neutrality does not exist and prices adjust rapidly. D. money neutrality does not exist and prices do not adjust rapidly.