The required reserve ratio for a bank is set by
Answer is e. the Federal Reserve.
You might also like to view...
In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, there will be three Nash equilibria
Indicate whether the statement is true or false
Collusion occurs when firms ________
A) charge a price equal to their marginal cost of production B) conspire to set the quantity they produce or the prices they charge C) compete with each other by setting a price slightly lower than the rival's price D) compete with each other by differentiating their products
Which of the following is true in an ultimatum game if more money is considered to be better than less?
A) The equilibrium outcome in an ultimatum game is equitable. B) The equilibrium outcome in an ultimatum game is socially efficient. C) The equilibrium in an ultimatum game is always a dominant strategy equilibrium. D) There is no unique equilibrium in an ultimatum game.
If the GDP gap is -$3.5 trillion, then
A. workers are employed overtime. B. the economy is experiencing a boom. C. the economy is in a recession. D. cyclical unemployment is negative.