Which of the following Fed actions will decrease the money supply?
A) an open market purchase of Treasury bills
B) an increase in the required reserve ratio
C) a decrease in the discount rate relative to the federal funds rate
D) all of the above
E) none of the above
B
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The supply of labor curve is
A) vertical at potential GDP. B) upward sloping. C) downward sloping. D) horizontal at the equilibrium wage rate.
Suppose the natural rate of unemployment is 5%, with full-employment output of $7000 billion. Use Okun's Law to calculate the level of national output if the unemployment rate is 7%
What will be an ideal response?
The Kansas-Nebraska Act of 1854 did not allow popular sovereignty over the issue of slavery
Indicate whether the statement is true or false
Which one(s) of the public debt forms is (are) marketable?
a. only the Treasury bond b. only the Treasury bill c. only the Treasury note d. Treasury notes, bills, and bonds e. only Treasury notes and bills