Why did the Fed shift its policy target towards the federal funds rate
What will be an ideal response?
The demand for money became less stable over time as financial markets were deregulated and financial innovation took place. These changes made monetary aggregates less useful as a target for monetary policy.
Economics
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Based on the information in Scenario 1, nominal GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
Economics
When a bank receives a $50 million discount loan from the Federal Reserve, the bank's reserves
A) remain the same. B) increase by less than $50 million. C) increase by $50 million. D) increase by more than $50 million.
Economics