Examlex
A borrowed reserves target is ________ because increases in income ________ interest rates and discount loans,causing the Fed to ________ the monetary base,everything else held constant.
Walras's Law
A principle in general equilibrium theory stating that if all markets but one are in equilibrium, then the remaining market must also be in equilibrium.
Cobb-Douglas Utility Functions
A particular form of utility function used in economics that represents preferences over two goods, characterized by their constant elasticity of substitution.
Pareto Optimal
A distribution state of resources where no adjustment can be made to better the position of any individual or evaluation criterion without negatively affecting another.
Consumption Externalities
The impact of one's consumption activities on the welfare of others that is not reflected in market prices, either positive or negative.
Q25: State whether the following statement is true
Q37: The aggregate supply curve shows the relationship
Q41: While the discount rate is "established" by
Q50: According to aggregate demand and supply analysis,the
Q63: The total amount of required reserves in
Q74: Suppose the economy is producing at the
Q79: Everything else held constant,an increase in the
Q124: An increase in the nonborrowed monetary base,everything
Q132: The excess reserves ratio is _ related
Q212: Total reserves minus bank deposits with the