Assuming each policy is performed with the same magnitude, which of the following would be the most restrictive monetary policy action on the part of the Federal Reserve?
a. Sell government securities, raise reserve requirements, and lower the discount rate
b. Buy government securities, raise reserve requirements, and raise the discount rate
c. Sell government securities, lower reserve requirements, and raise the discount rate
d. Sell government securities, raise reserve requirements, and raise the discount rate
D
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If the interest rate is 7.5 percent, the present value of $500 to be received three years from today is $477.50
Indicate whether the statement is true or false
If two foods are perfect substitutes, the cross elasticity between them is
a. zero b. negative c. between zero and one d. infinite e. there is no specific cross elasticity for perfect substitutes
Which of the following is part of gross private domestic investment?
A. a decline in consumer debt B. purchases of pizza pie for a family dinner C. a positive change in business inventories D. purchases of stocks and bonds
A government-sponsored good is often
A) produced by the government. B) subsidized. C) taxed. D) advertised.