The Federal reserve prefers to use open market operations because
a. it allows for small changes.
b. its effects are well understood.
c. it is easy to conduct.
d. both a and b.
e. all of the above.
E
Economics
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Profit is maximized at the output at which marginal revenue exceeds marginal cost by the greatest margin
a. True b. False Indicate whether the statement is true or false
Economics
If industry sales are $1,000, and the top four firms have sales of $500, $200, $100, and $50, respectively, what will be the four-firm concentration ratio?
A) 95 percent B) 85 percent C) 70 percent D) 100 percent
Economics