Which of the following is a tool that is used by the Fed to control the quantity of money?
A) open market operations
B) excess reserves
C) government expenditure multiplier
D) real interest rate
A
Economics
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When the demand for a good is perfectly elastic, ________
A) total revenue is as large as possible B) the demand curve for the good is vertical C) the price elasticity of demand is infinite D) the price elasticity of demand is zero
Economics
The interest rate that banks use as a reference point for interest rates on a wide range of loans to businesses and individuals is the:
A. Discount rate B. Term auction rate C. Prime interest rate D. Real interest rate
Economics