At the time of its founding, which tool was thought to be the most useful for the Fed?

Which role of the Federal Reserve was expanded directly as a result of the PDCF and TSLF?

A. Supervising banks. B. Lender of last resort. C. Fiscal agent for the federal government. D. Issuing currency.

Economists have used ________ and ________ in experiments designed to determine whether consumers care about fairness when they make decisions

A) Giffen goods; luxury goods B) the income effect; the substitution effect C) the ultimatum game; the dictator game D) network externalities; the endowment effect