The demand for reserves curve in the federal funds market is

Refer to Figure 18.4. With free trade, what is the equilibrium quantity of gloves in Duckland?

A) 100 B) 80 C) 60 D) 40

Which of the following is most consistent with the time-inconsistency problem?

A) while it is ten o'clock in the morning in Chicago, it will be eleven o'clock in New York City B) a monetary policy action that is implemented in January will not begin to influence economic variables for several months C) a parent who acquiesces to a child's demand just to keep them quiet in a public setting D) an economic model with adaptive expectations