Which of the following tools of monetary policy has not been used since 1992?
A. Interest on reserves.
B. The reserve ratio.
C. Open-market operations.
D. The federal funds rate.
B. The reserve ratio.
You might also like to view...
In calculating GDP, economists
A) measure total expenditure as the only true measure. B) can measure either total expenditure or total income. C) measure total income as the only true measure. D) measure total income minus total expenditure. E) measure total income plus total expenditure.
Which statement is true?
A. During very bad recessions and depressions the total of our frictional and structural unemployment rates is greater than our cyclical unemployment rate. B. When our overall unemployment rate declines, most of this decline is due to falling structural and frictional unemployment. C. Cyclical unemployment is generally zero. D. The sum of the frictional and structural unemployment rates is 5 percent.
A decrease in the confidence that car-buying consumers have in their future income will
A. decrease the supply of borrowable money. B. increase the supply of borrowable money. C. increase the demand for borrowable money. D. decrease the demand for borrowable money.
Any rule that is used to make a choice is a
A) positive-sum game. B) zero-sum game. C) strategy. D) rational decision.