The Monetary Control Act of 1980:
a. extended the Fed's authority to impose required-reserve ratios on all depository institutions.
b. excluded the required-reserve ratios as an instrument of short-term policy.
c. provided the Fed with the authority to use open market operations.
d. all of the above.
e. none of the above.
a
Economics
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If a paper manufacturer does NOT bear the entire cost of the dioxin it emits, what will it do?
a) It will emit lower levels of dioxin than is socially efficient. b) It will emit higher levels of dioxin than is socially efficient. c) It will emit an acceptable level of dioxin. d) It will not emit any dioxin in an attempt to avoid paying the entire cost.
Economics
How do economists try to disentangle cause and effect?
What will be an ideal response?
Economics