Since the 1930s, the Fed's most important tool for controlling the money supply has been
A. open-market operations.
B. setting the discount rate.
C. setting reserve requirements.
D. moral suasion.
Answer: A
You might also like to view...
Which of the following is not held constant along a given demand curve?
a. income b. price c. tastes d. expectations
The marginal revenue product (MRP) of labor is the
a. total revenue generated when one more worker is hired b. change in average revenue when one more worker is hired c. total revenue per worker when one more worker is hired d. change in total revenue when one more worker is hired e. change in employment when total revenue changes by one dollar
Which of the following statements is false?
a. The Clayton Act allows triple damages in civil lawsuits in order to encourage lawsuits against conspiring oligopolists. b. Many economists defend the practice of resale price maintenance on the grounds that it may help solve a free-rider problem. c. Most economists agree that predatory pricing is a profitable business strategy that usually preserves market power. d. The U.S. Supreme Court's view that the practice of tying usually allows a firm to extend its market power is not generally supported by economic theory.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.