On the books of the Fed the difference between borrowed reserves and discount loans is equal to
A) excess reserves.
B) required reserves.
C) currency in circulation.
D) zero; they are the same thing.
D
Economics
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How has the distribution of income in the United States changed over the last 20 years?
(A) It has become more equal. (B) It has become less equal. (C) It has not changed appreciably. (D) It became more equal for about 10 years but has become less equal.
Economics
In rational expectations theory, the term "optimal forecast" is essentially synonymous with
A) correct forecast. B) the correct guess. C) the actual outcome. D) the best guess.
Economics