A borrowed reserves target is ________ because increases in income ________ interest rates and discount loans, causing the Fed to ________ the monetary base, everything else held constant

Which types of unemployment still occur even when the economy is considered to be operating at full employment?

What will be an ideal response?

Creative destruction refers to

A) the destruction of the government system which limits economic growth. B) the movement from an agricultural society to a service economy. C) the mechanism for establishing property rights. D) the creation of new jobs and economic growth after destroying old jobs.