Although rarely used, which of the following is an instrument the Fed has to conduct monetary policy?
A. The tax on unearned income
B. The discount rate
C. The corporate income tax
D. The interest rate on Treasury bonds
Answer: B
Economics
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In the United States, commercial banks supply about ________% of total credit to nonfinancial businesses
A) 20 B) 75 C) 50 D) 90
Economics
A decline in the money stock will
a. shift the LM schedule to the right. b. shift the LM schedule to the left. c. not have any effect on the LM schedule. d. shift the IS schedule downward and to the right.
Economics