During World War II, the Fed in effect relinquished its control of monetary policy through its policy of
A) continually lowering reserve requirements.
B) continually raising reserve requirements.
C) pegging interest rates.
D) targeting free reserves.
C
Economics
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In the classical model the interest rate is determined in the money market; in the short-run macro model the interest rate is determined in the market for loanable funds
a. True b. False
Economics
The Blue Ridge Furniture Factory has fixed costs of $10 million and variable costs of $5 million. If it turns out 1 million chairs a year, how much is the average total cost of producing one chair?
What will be an ideal response?
Economics