Which of the following programs was not designed and implemented by the Federal Reserve?
A. Troubled Asset Relief Program.
B. Term Securities Lending Facility.
C. Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility.
D. Primary Dealer Credit Facility.
A. Troubled Asset Relief Program.
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The Stackelberg outcome differs from the Cournot equilibrium because:
a. the games involve different strategic variables. b. the first mover can commit to an output off its best-response function. c. quantity supplied is not equal to quantity demanded at the prevailing price. d. it's not a perfectly competitive outcome.
Full employment: a. exists when, on average, nearly two out of three adults in the labor force are employed. b. exists when everyone who wants a job has one. c. exists when the unemployment rate is zero
d. exists when everyone in the labor force has a job. e. will always include some unemployment.