Economists estimate that the total lag for monetary policy is about:

Which of the following is true regarding the reserve requirements?

A) The Fed changes them frequently because they are a power monetary policy tool. B) The Fed does not change them much at all because taxation is a more impactful monetary policy tool. C) The Fed changes them frequently because doing so simplifies banking operations. D) The Fed does not change them much at all because doing so would make banking operations

Refer to Figure 8.1. Holding other variables constant, an increase in the skill level of workers will result in a

A) shift from curve D1 to curve D2. B) shift from curve D2 to curve D1. C) movement from point A to point B. D) movement from point B to point A.