Legal reserve requirements
A. are the Fed's most important policy weapon.
B. are changed on rare occasions.
C. will restrict monetary growth if lowered.
D. are raised and lowered by the president.
B. are changed on rare occasions.
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Real business cycle theorists
a. accept the notion that the economy's movement through time is basically unstable and cyclical b. believe that the economy is influenced by real events, such as wars and population growth and not by psychological events, such as changes in consumer confidenceand that these real events trigger cycles c. argue that the economy, except for brief periods of instability, is highly static and this is because markets are noncompetitive d. argue that the economy cannot achieve full employment, even in the short run e. believe that the economy is dynamic and competitive and not subject to cycles
If the consumer price index is 120 in 2009 and 139.2 in 2010, then the rate of inflation for 2010 is 39.2 percent
a. True b. False Indicate whether the statement is true or false