As a Result of Policy Actions Taken by the Fed

question 117

Multiple Choice

As a result of policy actions taken by the Fed since 2008, it (the Fed) can no longer expect to affect the federal funds rate through traditional open market operations to alter the overall amount of excess reserves in the banking system.This is because

• A)Congress has taken this power away from the Fed.
• B)there is a massive amount of excess reserves already in the banking system.
• C)the federal funds rate has become rigidly fixed by law.
• D)banks are no longer holding any excess reserves.

Analyze historical events through a sociological lens to understand the role of authority and social conformity in shaping human behavior.

Understand the factors that influence conformity within groups, drawing on empirical research findings.

Identify strategies to enhance efficiency and overcome challenges in organizational settings.

Define key sociological terms and concepts relevant to understanding social structures and processes.

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Definitions:

Marginal Social Benefit

An additional gain to society derived from consuming or producing another unit of a good or service.

Marginal Social Cost

An increased charge to the general public for the creation of one more unit of a product or service.

Pollution

The presence in or introduction into the environment of a substance or thing that has harmful or poisonous effects.

Marginal Social Benefit

The additional benefit society gains from consuming one more unit of a good or service.