One of the tools of monetary policy is to change the discount rate. Since 2003
A) the Fed has not changed the discount rate.
B) the Fed has pegged the discount rate to the reserve requirement.
C) the Fed has kept the discount rate a fixed amount above the federal funds rate.
D) the Fed has kept the federal funds rate one percentage point above the discount rate.
C
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In Table 1, Tony's income elasticity of demand for steaks is
A) 1.0. B) greater than 1.0. C) less than 1.0. D) zero.
Upstream and downstream refer to the degree of horizontal integration
Indicate whether the statement is true or false
To stabilize real GDP when the money demand curve shifts on its own, the Fed must change the money supply
a. True b. False
In the indifference curve-budget line model of labor supply, labor consists of
a. all productive activities outside of the marketplace. b. working in the marketplace for the going wage. c. engaging in productive activities, whether in the marketplace or not. d. working in the marketplace for the going wage and entrepreneurial activities.