To compensate for the collapse of intermediation and the fragility of financial markets during the 2007-2009 financial crisis, central banks deployed all but which of the following unconventional tools:
A. Quantitative easing
B. Lowering interbank lending interest rate targets
C. Forward guidance
D. Targeted asset purchases
Answer: B
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If the reserve ratio is 0.9, the money multiplier will be 10
Indicate whether the statement is true or false
Refer to Table 12-1. If the market price of each camera case is $8, what is the profit-maximizing quantity?
A) 300 units B) 400 units C) 500 units D) 600 units
The cross-price elasticity of demand between butter and margarine is most likely
a. positive, since the goods are substitutes b. positive, since the goods are complements c. negative, since the goods are complements d. negative, since the goods are substitutes e. zero, since the goods are both normal
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A0,75,2?B5,10,8Which of the following represents the set of possible pure strategy Nash equilibria?
A. {C, D} B. {A, B} C. {A, C} D. {(A, C), (A, D), (B, C), (B, D)}