When the Fed loaned to banks using banks' long-run assets such as mortgages as collateral, it was:
A. giving banks assets.
B. providing banks with liquidity.
C. loosening its regulations of bank.
D. conducting standard monetary policy.
Answer: B
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"Cream skimming" usually results in
a. cross-subsidization of markets. b. subsidies to rural consumers of the service. c. regulations to provide universal service. d. monopoly.
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at
a. prices at and above the equilibrium price. b. prices at and below the equilibrium price. c. prices above and below the equilibrium price, but not at the equilibrium price. d. the equilibrium price but not above or below the equilibrium price.
Same level of fiscal and monetary policy can be generated by _________________________________________, but the composition of GDP will be different in each case.
A. more than one mix of fiscal and monetary policy B. only fiscal policy C. monetary policy D. none of these
What is a monopoly? Can a firm be a monopoly if close substitutes for its product exists?
What will be an ideal response?