The Supply Curve of Reserves in an Economy Is _____When

question 12

Multiple Choice

The supply curve of reserves in an economy is _____when the federal funds rate is less than the primary credit discount rate.

• A)downward-sloping
• B)upward-sloping
• C)horizontal
• D)vertical when the federal funds rate is less than the primary credit

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Definitions:

Pessimism

A predisposition towards perceiving negative outcomes or expecting the least favorable scenarios, accompanied by a deficiency in optimism or trust regarding what lies ahead.

Optimistic Outlook

A general expectation that good things will happen, or the belief that the future will be favorable.

External Locus of Control

The belief that one's outcomes in life are largely influenced by external forces beyond personal control.

Oxytocin Level

The concentration of oxytocin, a hormone and neurotransmitter involved in childbirth, bonding, and social behavior, in the bloodstream.