When the Fed wants to signal the public about the direction of monetary policy, it will likely use
A) a change in the discount rate.
B) open market operations.
C) a change in the reserve requirement.
D) a public announcement about a change in the targeted federal funds rate.
E) all of the above
D
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Fiat money has
A) little to no intrinsic value but is backed by the quantity of gold held by the central bank. B) little to no intrinsic value and is authorized by the central bank or governmental body. C) value, because it can be redeemed for gold by the central bank. D) a great intrinsic value that is independent of its use as money.
Self-interest could never include benevolence
a. True b. False Indicate whether the statement is true or false
A cartel is: a. a group of firms that collude to produce a monopoly output
b. a group of firms that collude to produce the market equilibrium output. c. a group of firms that collude to charge the market equilibrium price for their output. d. a group of firms that collude to earn normal profits.
When the price of a good increases, the budget constraint shifts in parallel to the original budget constraint.
Answer the following statement true (T) or false (F)