The Fed can control stock market purchases by adjusting the
a. discount rate
b. legal reserve requirement
c. margin requirement
d. federal funds rate
e. stock loan rate
C
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In a perfectly competitive market, because an individual seller tends to sell only a fraction of the total amount of the good produced:
A) he can independently determine the market price. B) he can charge prices above the equilibrium price. C) his individual choices do not affect market outcomes. D) he always earns positive profit.
The Asian Crisis:
a. dates to the summer of 1987 b. was characterized by devaluations of local currencies c. was triggered by high debt d. a, b, and c are correct e. none of the above
If labor is immobile between two countries, changes in relative demand for goods and services may pose major economic problems
A) whether exchange rates are flexible or fixed. B) but the problems will not be as significant as they would be if labor were mobile. C) when exchange rates are flexible, but not when they are fixed. D) when exchange rates are fixed, but not when they are flexible.
Marginal net benefits in the table:Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. initially increase, reach a maximum, and then decrease. B. decrease at a constant rate. C. remain relatively stable over different values for the control variable. D. initially decrease, reach a minimum, and then increase.