The alternatives of the active versus passive view of stabilization policy are usually expressed as
a. fiscal versus monetary policy.
b. internal versus external.
c. present value versus future value.
d. discretion versus rules.
d
Economics
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The level of pollution at which the marginal benefits equal the marginal cost of cleaning up is always
A) the zero pollution level. B) the optimal quantity of pollution. C) the pollution maximum. D) the pollution minimum.
Economics
A bank has $100 million of checkable deposits, $6 million of required reserves, and $2 million of excess reserves. What is the required reserve ratio?
A. 2 percent B. 3 percent C. 6 percent D. 12 percent
Economics