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8. What tools does the Federal Reserve use to implement monetary policy?Describe how and why each of them impacts the monetary base and/or the Fed funds rate. 9. How are required reserves calculated? What assets of the banks can be used to meet their required reserves? 10. What are excess reserves? Why would banks keep them? How do banks current holdings of excess reserves compare to what they have historically held? Why? 11. What are the three key ratios that impact the money multiplier? Who controls each? How does a change in each affect the size of the money supply given a constant monetary base? 12. Why does a central bank need a monetary policy target? What does the Fed seem to be relying on now as its primary target to guide monetary policy? 13. Describe the Equation of Exchange and the Quantity Theory of Money. Under the Quantity Theory how will the doubling of the money supply impact the price level and employment?
The owner of a restaurant is considering lowering menu prices to draw in more customers. He is debating between lowering the price for the steak entrée or the salmon entrée. When he lowered prices last year
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A HR Director for a medium size public company. Under Americans with Disabilities Act are the following workers entitled to a affordable accommodation and, if so, what would be affordable:
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