If there is a recession, the Fed would most likely encourage banks to provide loans by:
a. buying government securities. b. raising the discount rate.
c. selling government securities. d. raising the federal funds rate.
a
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Which of the following will shift the Keynesian short-run aggregate supply curve downward and to the right?
A) a rise in the price level B) a fall in the price level C) a decrease in input costs D) an increase in input costs
The rate at which two currencies are exchanged for each other is the
a. exchange rate. b. tariff rate. c. reserve rate. d. managed rate.
The French expression used by free-market advocates, which literally translates as "allow them to do," is
a. laissez-faire. b. je ne sais pas. c. si'l vous plait. d. tête-à-tête.
Related to the Economics in Practice on p. 512: In Santa Cruz, the red feathers of the Scarlet Honeyeater bird were used as currency. Using feathers to make a purchase would be using the feathers as a(n)
A. legal tender. B. store of value. C. unit of account. D. medium of exchange.