extras

Question 1

Who do the quantity of monetary QTOM and the fiscal theory of price level (FTPL) blame for high rates of inflation

Answer 1

QTOM: congress
FTPL: FED

Question 2

what are the asstes in exchnage for which banks issue deposits

Answer 2

cash, reserves, deferred payments (ie loans)

Question 3

in terms of stimulating the econcomy, a fiscal multiplier _______ implies that a particular programs positive indirect effects outwigh the corresponding negative indirect effects

Answer 3

greater than 1

Question 4

in its role as a lender of last resort, the fed

Answer 4

only lends to banks that are both illiquid and insolvent

Question 5

lender of last resort relates to which conventional monetary policy

Answer 5

discount rates