The Federal Reserve district banks
A) do not engage in monetary policy.
B) engage in monetary policy directly through discount lending.
C) engage in monetary policy directly through open market operations.
D) engage in monetary policy directly through their membership on Federal Reserve committees.
B
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During the recessions of 2001 and 2008-09,
A) all measures of the unemployment rate (U-1 through U-6 ) increased. B) only the broader measures of the unemployment rate increased. C) only the narrower measures of the unemployment rate increased. D) the labor force participation rate for women increased. E) the labor force participation rate for men increased.
Damian shares a small food truck with his sister. His share of the expenses is $500 per month. He has decided to get his own, newer food truck which he will not have to share with anyone. His expenses for the newer truck are $1,400 per month
Damian is as rational as any other person. As an economics major, you rightly conclude that A) Damian figures that the additional benefit of having his own truck (as opposed to sharing) is at least $900. B) Damian cannot afford the newer truck and will have to go back to sharing a truck with his sister. C) Damian figures that the additional benefit of having his own truck (as opposed to sharing) is at least $1,400. D) the cost of having one's own truck outweighs the benefits.