Which of the following policy tools is directly controlled by the Trading Desk at the Federal Reserve Bank of New York?
A) the spread between the discount rate and the federal funds rate
B) the spread between the federal funds rate and the interest rate on banks' required reserves
C) open market sales and purchases
D) the required reserve ratio
C
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Because of automatic stabilizers, in recessions the government budget deficit ________, while in expansions the deficit ________
A) falls; rises B) falls; falls C) rises; falls D) rises; rises
Opportunity cost is always measured in dollar terms, rather than in terms of real goods and services
a. True b. False
A(n) ________ in a country's money supply causes international capital
A. contraction; stock to stabilize. B. expansion; outflows. C. contraction; outflows. D. expansion; inflows.
In the context of the environment, the type of transactions costs that includes sampling the emissions of many companies to determine which company or companies are emitting pollution are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.