For purposes of monetary policy, the Federal Reserve has targeted the interest rate known as the
A) prime rate.
B) Treasury bill rate.
C) federal funds rate.
D) discount rate.
C
You might also like to view...
The relationship between the labor employed by a firm and the real wage rate is shown by the
A) supply of labor curve. B) supply of jobs curve. C) demand for jobs curve. D) demand for labor curve.
Refer to the above figure. How do you describe what is happening as the economy moves from point A to point C?
A) The economy has acquired new resources that are well suited for producing bread. B) Land that was once used to graze sheep is now being used to grow wheat. C) Resources are becoming unemployed. D) The technology for growing wheat has improved.
Economists determine what consumers can afford using a budget constraint line shown on a line graph where the horizontal axis shows _________________ and the vertical axis shows __________________.
a. the quantity of one good/the quantity of another good b. utils/total utility c. the quantity of available goods/the amount of money the consumer has to spend d. the amount of money the consumer has to spend/total utility
If a bank has zero excess reserves and one of its creditworthy customers applies for a loan, the bank may be able to grant the loan if it can
A) apply some of its loan repayments to obtain the funds for the new loan. B) obtain extra funds in the federal funds market. C) obtain extra funds by borrowing from the Fed. D) any of the above E) b or c