The Federal Reserve could reduce the money supply by:
A. Lowering the required reserve ratio
B. Buying government bonds in the open market
C. Increasing the interest on reserves
D. Reducing the discount rate
C. Increasing the interest on reserves
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Assume the following situation. In year 1, a $400 capital stock generates a $100 GDP. One-fifth, or $20 of the $100 GDP, is put into investment. The capital/output ratio in year 1 is
a. 0.25 b. 1 c. 4 d. 100 e. 400
Who among the following is underemployed?
a. Brian, who works part-time as he wants more time to study b. Regina, who works part-time but is willing to work full-time c. Daniel, who works as a ski instructor but only during winter each year d. Roger, who works at a shoe store in the morning and at a restaurant in the evening
Factors affecting the level of medical care demand include all of the following except:
a. demographic characteristics. b. price of medical care. c. physician factors. d. health status. e. economic standing.
If output growth exceeds population growth for a country, then:
A.) Average living standards will increase. B.) GDP must have grown at a very rapid rate. C.) Per capita GDP will decrease. D.) This country must have overcome the problem of scarcity.