If the demand for money increases and the Fed wants interest rates to remain unchanged, which of the following would be appropriate policy?
A. Recall Federal Reserve Notes from circulation.
B. Raise the legal reserve requirement.
C. Buy bonds in the open market.
D. Raise the discount rate.
C. Buy bonds in the open market.
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Consumption expenditure exceeds disposable income
A) when there is dissaving. B) when there is positive saving. C) always. D) never. E) only when the economy is in equilibrium.
In the early antebellum period, New England women's wages were about 1/3 of men's wages. By 1860, New England women's wages were
a. about ¼ of men's wages. b. about ½ of men's wages. c. more than men's wages. d. about equal to men's wages.
Typically, restrictions to "save domestic jobs" simply redistribute jobs by creating:
a. employment in the protected industry and reducing employment elsewhere. b. employment in nonprotected industries and reducing employment in the protected industry. c. labor unions in the nonprotected industries at the expense of employment in the protected industries. d. employment in the primary sector at the expense of the secondary sector. e. labor unions in the protected industries at the expense of employment in nonunionized industries.
Advertising never makes sense for an oligopolistic firm.
Answer the following statement true (T) or false (F)