To increase the federal funds rate, the Fed can:
a. decrease the discount rate.
b. buy government bonds from the public.
c. decrease the prime interest rate.
d. sell government bonds to commercial banks.
Ans: d. sell government bonds to commercial banks.
Economics
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Refer to the scenario above. Which of the following is likely to happen if Elly is known to be vengeful?
A) Neither of them will make money. B) Only Elly will make money. C) Only Elly's employee will make money. D) Both Elly and her employee will earn money.
Economics
The demand curve for a luxury good is upward sloping
Indicate whether the statement is true or false
Economics