For most of the Fed's history, the Fed:
A. found banks would borrow from the Fed far more often than they would borrow in the federal funds market.
B. tied the discount rate to the rate on Treasury securities.
C. was very lenient in making discount loans.
D. lent reserves at an interest rate below the target federal funds rate.
Answer: D
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What are the three goals of the Employment Act of 1946?
A) keep the peace, improve public education, and protect the environment B) improve the education system, provide more job training, and expand the number of government jobs C) full employment, price stability, and economic growth D) full employment, better schools, and lower income taxes
Consider the same market for nonalcoholic beer as in the previous question. How many units will Boors produce in the Nash equilibrium?
a. 1,333 b. 2,333 c. 3,333 d. 4,333