The zero-lower-bound problem eliminates the ability of the central bank to use which of the following in implementing policy?
A) open market operations
B) discount lending
C) the federal funds rate
D) the required reserve ratio
C
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On the basis of the given information, we:
Use the labor demand data on the left and the labor supply data on the right in answering the following question:
A. can say that the labor supply curve facing the firm is nonexistent.
B. cannot say whether the firm's product market is purely or imperfectly competitive.
C. can say that the firm is selling its product in a purely competitive market.
D. can say that the firm is selling its product in an imperfectly competitive market.
The dominant strategy for player 1 in the following game is:Player 1Player 2??t1t2t3?S14,103,01,3?S20,02,1010,3
A. S1. B. S1 and S2. C. S2. D. None of the answers is correct.