If there is a change in the federal funds rate from a target rate due to an increase in the demand for reserves, the Fed can maintain the target by:
A) causing an upward movement along the supply of reserves curve.
B) causing the supply curve of reserves to shift to the left.
C) causing a downward movement along the supply of reserves curve.
D) causing the supply curve of reserves to shift to the right.
D
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Mercantilism followed feudalism. Unlike feudalism, mercantilism did not support any form of a strong central government or system of nation states
Indicate whether the statement is true or false
The outcome of monetary policy can never be certain because
a. unemployment is always changing b. the concept of a natural rate of unemployment is still not accepted by all policy makers c. the slope of the AS curve is never clear d. time lags disrupt policy planning e. the natural rate of unemployment lags behind the actual rate of unemployment