The supply curve of reserves has two kinks in it: one at the _________________ and the other at the ____________________ rate
A) interest rate that the Fed pays on reserves; discount
B) federal funds rate; discount
C) prime rate; discount
D) discount rate; federal funds rate
A
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For which of the following would the supply likely be most inelastic?
A) aircraft carrier B) canned soup C) toy airplane D) t-shirt E) bottled water
Suppose the required reserve ratio is 10%, excess-to-deposit ratio is 10%, and the currency-to-deposit ratio is 20%. If the Fed buys $50 million worth of securities, what will happen to the money supply?
What will be an ideal response?
A secondary boycott is
A) illegal according to the Taft-Hartley Act. B) a legal way to support striking workers. C) illegal according to the Wagner Act. D) legal according to the Sherman Act.
Which of the following is a microeconomics topic?
a. the price of a new home b. the inflation rate c. the economy's growth rate d. the unemployment rate e. forecasts of recession