The Federal Reserve's most-used policy tool is open market operations, with which it can control short-term interest rates.
Answer the following statement true (T) or false (F)
True
Open-market operations are commonly used because they are flexible and can be used for small adjustments in interest rates.
Economics
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Given the values in the table above, the real interest rate r = ________ when equilibrium output Y = 15
A) 9.8 B) 3.8 C) 3.18 D) 10 E) none of the above
Economics
The ease with which an asset can be converted into the economy's medium of exchange is known as _____
Fill in the blank(s) with correct word
Economics