Lower interest rates which reduce the debt-servicing burden of households, thus increasing their net worth, is best described by the

The founder of the American Federation of Labor was

a. George Meany b. Samuel Gompers c. Magna Carta d. Benjamin Franklin e. Abraham Lincoln

If banks switch from holding reserves to holding cash, the policy impact of a negative deposit rate would be:

A. expansionary. B. contractionary. C. indeterminate. D. negligible.