Since Regulation Q has been abolished, there have been doubts raised about the size of the effect of the ________ channel
A) balance sheet
B) bank lending
C) cash flow
D) unanticipated price level
B
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Define "reservation values." If a buyer of a product has a reservation value of $10, the seller of the product has a reservation value of $3, and the equilibrium price of the product is determined at $5,
calculate the consumer surplus and the producer surplus.
Which of the following statements is incorrect?
a. The Federal Reserve Open Market Committee determines fiscal policy actions for the Congress. b. The Board of Governors of the Federal Reserve is appointed, not elected. c. The Federal Reserve System was designed to be independent of the executive branch of the government. d. The chairman of the Board of Governors serves a four-year term. e. The Federal Reserve districts are distributed geographically to serve the particular interests of each region.
Unlike other methods, present value analysis indicates that a project should be undertaken if the NPV is greater than zero regardless the income distribution.
A. True B. False C. Uncertain
Increases in productivity in the United States since 1929 are mostly due to:
A. Increases in the quantity of labor. B. Increases in the number of U.S. firms. C. Research and development. D. The high salaries paid to workers