In addition to open market operations and the required reserve ratio, another tool of monetary policy available to the Fed is
A. fiscal policy.
B. government spending and various transfer-payment programs.
C. the difference between the discount rate and the federal funds rate.
D. tax rates and the progressivity of the income-tax system.
Answer: C
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Which of the following will not change the demand for movie tickets?
A) A change in the cost of babysitting services B) A change in the incomes of moviegoers C) A change in the price of movie tickets D) A change in the quality of television programs E) A change in the quality of movies
Refer to Figure 11-6. In the figure above which letter represents the average fixed cost curve?
A) A B) B C) C D) D
Total cost minus total variable cost equals:
A. marginal cost. B. total fixed cost. C. average fixed cost. D. average variable cost.
Which of the following forces is NOT mentioned in the textbook as a force that sometimes discourages innovative activities?
A. Workers who fear losing their jobs B. Companies that compete with innovative companies C. Executives concerned about low rates of return D. Ordinary people who don't like change