When we hear on the news, "The Fed has lowered interest rates today," the Fed has most likely
A) raised the discount rate.
B) lowered the required reserve ratio.
C) raised the federal funds rate.
D) purchased government bonds.
D
You might also like to view...
With specialization
A) opportunity costs tend to be constant. B) there are greater gains in material well being. C) there is more emphasis on self-reliance. D) society is more productive while individuals are less productive.
A recent law school graduate is considering two offers to practice law, one in New York and one in Illinois. The New York bar exam is very difficult to pass compared with Illinois's exam. Assuming all other things equal, the attorney would expect
a. to be unable to predict the wage difference between Illinois and New York. b. to make a lower wage in New York. c. to make a lower wage in Illinois. d. wages in Illinois and New York to be identical.