The bank reserve equation is the
A) assets and liabilities of the entire banking system.
B) tally sheet for sources and uses of reserves.
C) M1 multiplier.
D) Federal Reserve's method of determining how many government securities to purchase.
B
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Suppose that there is a positive aggregate demand shock and the central bank commits to an inflation rate target. But if the commitment is not credible, then
A) the public's expected inflation will remain unchanged. B) the short-run aggregate supply curve will rise. C) over time inflation will fall back down to the inflation target. D) all of the above. E) both A and B.
An increase in the expected profitability of investment will cause
A) IS to shift right. B) IS to shift left. C) MP to shift upward. D) MP to shift downward.
Which of the following is a result of discrimination?
a. Two groups of workers earning different wages. b. Two groups of workers paid the same wage, but proportionally fewer of one group are employed. c. Equal pay and equal employment opportunities for two groups of workers with different productivities. d. No workers from a particular group are employed.
What factors determine how centralized or decentralized the decision-making in an organization should be?