The tools of monetary policy for altering the reserves of commercial banks are the:
a. Tax rate and level of government spending
b. Public debt, budget surplus, and budget deficit
c. Discount rate, reserve ratio, and open-market operations
d. Consumer price index and unemployment rate
c. Discount rate, reserve ratio, and open-market operations
Economics
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The opportunity cost of funds is the interest that can be earned by lending the funds
Indicate whether the statement is true or false
Economics
Which of the following is true about labor productivity?
A) it is the amount of total factor productivity (TFP) per unit of labor B) it is more difficult to measure than TFP C) it is a more general and better measure of productivity than TFP D) all of the above E) none of the above
Economics