Since the 1930s, the Fed's most important tool for controlling the money supply has been
A) setting the discount rate.
B) setting reserve requirements.
C) moral suasion.
D) open-market operations.
D
You might also like to view...
A decrease in long-run average costs resulting from increases in output is
A) attributed to economies of scale. B) attributed to diseconomies to scale. C) attributed to constant returns to scale. D) attributed to the law of diminishing marginal product.
When the price of a product rises for an inferior good, the:
A. Income and substitution effects will encourage consumers to purchase more of the product B. Income and substitution effects will encourage consumers to purchase less of the product C. Substitution effect will encourage consumers to purchase less of the product but the income effect will encourage them to purchase more D. Substitution effect will encourage consumers to purchase more of the product but the income effect will encourage them to purchase less