The tools of monetary policy are
A. government spending, tax rates, and the required reserve ratio.
B. open market operations, government spending, and the required reserve ratio.
C. open market operations, differential between the discount rate and the federal funds rate, and the required reserve ratio.
D. open market operations, differential between the discount rate and the federal funds rate, and tax rates.
Answer: C
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The following table shows the different quantities sold by a monopolist at different prices
Quantity (units) Price ($) 1,000 14 1,350 12 1,700 10 2,100 8 2,650 6 3,000 4 3,300 2 a) Estimate the total revenue and marginal revenue of the monopolist at the different quantities. b) If the monopolist faces a constant marginal cost of $2.29, what is the optimal output it should produce?
Economics can be divided into two main branches of study: a. capitalism and communism
b. capitalism and socialism. c. demand and supply. d. microeconomics and macroeconomics.