What was the lowest federal funds rate target the Fed set in response to the financial crisis?
a. 0%
b. 1.8%
c. 2.0%
d. 2.2%
a
Economics
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Long-term interest rates are an example of
A) an intermediate target. B) an operating target. C) a monetary policy objective. D) a monetary policy tool.
Economics
If the marginal revenue product of the fifth worker is $15, the price of the last unit of output produced is $5, and the firm sells as a price searcher, then the marginal product of the fifth worker is
a. 3 units of output b. 45 units of output c. fewer than 3 units of output d. greater than 3 units of output e. greater than 75 units of output
Economics