A key causal link in the interest-rate-based transmission mechanism for monetary policy is from
A) investment to the interest rate.
B) the money supply to excess reserves.
C) a monetary policy action to excess reserves.
D) real GDP to investment.
C
Economics
You might also like to view...
Which set of goals can, at times, conflict in the short run?
A) high employment and economic growth B) interest rate stability and financial market stability C) high employment and price level stability D) exchange rate stability and financial market stability
Economics
The assumption of rational self-interest does not rule out the possibility of concern for other individuals
a. True b. False
Economics