Can the Fed manage the federal funds rate?
a. No. It's the rate determined by banks that lend and borrow from each other
b. No. It's the rate determined by government
c. Yes. They do so by engaging in open market operations
d. Yes. They do so by manipulating the discount rate
e. Yes. They do so by manipulating the legal reserve requirement
C
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To be officially counted as unemployed, a person must be
A) at least 16 years old. B) at least 18 years old. C) at least 21 years old. D) any age, so long as you are looking for work.
All of the following are characteristics of a monopsony employer except: a. there is a single buyer of labor
b. the monopsony firm moves up the positively sloped supply curve it faces. c. fewer number of workers hired for wages below what they would be in a competitive market. d. workers work for less than their marginal revenue product.