When the demand for money increases,
a. The money supply must rise if the Fed is targeting interest rates..
b. The money supply must fall if the Fed is targeting interest rates..
c. Interest rates must rise if the Fed is targeting the money supply.
d. Both a. and c. are correct.
d
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Refer to the figure above. What is the domestic price of pens in Lithasia?
A) $1 B) $2 C) $3 D) $6
Fact: The lowest 20% of U.S. family incomes in the U.S. has fallen from 4.8% to 3.8% between 1960 and 2010. Your authors argue that
A) this is clear evidence that the poor have gotten poorer. B) this is primarily the result of a general decline of the power of labor unions in America. C) while their percentage of national income has fallen, real GDP has increased over 4 times during the past 50 years, and so those persons actually earned much more income than before. D) none of the above are true.
Do all consumers in a competitive market receive the same level of consumer surplus? Explain with an example
What will be an ideal response?
The experience with development policy over the last several decades now allow us to
a. predict the result of any country's policies b. establish the right mix of government and private sector c. be more confident about what issues are important and what directions to take d. show how one country's success can be repeated by another country e. we have not learned any good general lessons from experience