One of the difficulties in implementing monetary policy is the time it takes:
A. to enact monetary policy once the Fed has decided action is needed.
B. to pass new monetary policy once the Fed has decided action is needed.
C. monetary policy to have an effect in the economy once enacted.
D. to get approval from the Congress to implement the policy.
Answer: C
Economics
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A one-year bond has an interest rate of 0.2% and is expected to rise to 0.5% next year and 1.1% in two years. The term premium for a two-year bond is 0.1% and for a three-year bond is 0.25%
What are the interest rates on a two-year bond and three-year bond according to the liquidity premium theory?
Economics
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A. Specialization B. Opportunity costs C. Property rights D. Incentives
Economics