Which one of the following is a tool of monetary policy for altering the reserves of commercial banks?
a. Budget surplus or budget deficit
b. Federal Reserve Notes
c. Treasury deposits
d. Reserve ratio
d. Reserve ratio
Economics
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Which economists believe that fiscal policy is effective, while monetary policy may be ineffective?
a) Monetarists b) Keynesians c) Classical economists d) Fisherites
Economics
When inflation suddenly increases, ARMs
A. Protect borrowers against the effects of inflation. B. Maintain a stable real interest rate. C. Protect the purchasing power of workers' wages. D. Protect against rising real interest rates.
Economics
Suppose a monopolist faces the demand curve shown below. 
The marginal revenue of the 35th unit of output is:
A. $-5. B. $20. C. $10. D. $0.
Economics
The long-run Phillips curve is a (an) _____________line at the natural rate of unemployment.
Economics