The new monetary policy tool that the Fed began using in 2008 is
A) changing the interest rate paid on reserves.
B) imposing a surcharge on credit cards.
C) putting a tax on all financial transactions.
D) borrowing from China.
A
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Which of the following is the best example of two inputs that would exhibit a constant marginal rate of technical substitution?
A) trucks and truck drivers B) natural gas and oil C) personal computers and clerical workers D) company-employed computer programmers and temporary supplemental computer programmers
The National Collegiate Athletic Association (NCAA) has long argued that nationally-prominent college athletes are compensated with an investment in human capital that far exceeds the monetary reward of playing professional sports. Examine this argument in light of your knowledge of human capital theory and the economic theory of labor markets