In Figure 15

question 32

Multiple Choice

In Figure 15.3,the Fed can change the equilibrium interest rate from 2 percent to 6 percent by

• A)Buying bonds in the open market.
• B)Decreasing the reserve requirement.
• C)Raising the discount rate.
• D)Increasing the amount of coins in circulation.

---

Definitions:

Pluralism

A condition or system in which multiple distinct groups, cultures, or viewpoints coexist within a society and maintain their individual traditions.

Diversity And Difference

The presence of a wide range of distinct characteristics, identities, and experiences within a group or society.

Cultural Traditions

Established patterns of behavior, practices, and beliefs that are passed down through generations within a particular society or group.

Stereotype

A widely held but oversimplified and generalized belief about a particular type of person or thing.