The three main monetary policy instruments are
A. the money supply, the market interest rate, deposit insurance
B. open market operations, reserve requirement ratio, the discount rate
C. open market operations, deposit insurance, the money supply
D. open market operations, reserve requirement ratio, the market interest rate
Ans: B. open market operations, reserve requirement ratio, the discount rate
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Based on our understanding of the labor market model presented in Chapter 6, we know that an increase in the minimum wage will cause
A) an increase in the equilibrium real wage. B) a reduction in the equilibrium real wage. C) a reduction in the natural rate of unemployment. D) both B and C
Changes in the size of an industry may cause supply to shift
a. True b. False Indicate whether the statement is true or false