By law what goals are the Federal Reserve to pursue? What, if any, specific weights are given for these goals?
maximum employment, stable prices, and moderate long-term interest rates
They are not given specific weights.
Economics
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Why is a dollar today more valuable than a dollar a year from now?
A) The unknown future is riskier than the known present. B) The dollar today can be immediately used to buy something. C) A dollar a year from now will likely have less purchasing power because of inflation. D) all of the above
Economics
In the two-period model with asymmetric information, the presence of bad borrowers who always default
A) makes good borrowers better off. B) matters only for the loan interest rate faced by bad borrowers. C) affects the equilibrium profits of banks. D) affects good borrowers adversely.
Economics