Which of the following is not an example of expansionary monetary policy?
A: An open-market purchase of securities
B: A reduction in reserve ratio
C: A reduction in income tax rates
D: A reduction in the discount rate
A: An open-market purchase of securities
B: A reduction in reserve ratio
C: A reduction in income tax rates
D: A reduction in the discount rate
举一反三
- All of the following are the monetary policy innovations except: ( ) A: targeted reduction of the bank required reserve ratio B: SLF C: MLF D: interest rate
- Which of the following actions by the Fed would reduce the money supply? A: an open-market purchase of government bonds B: a reduction in banks’ reserve requirements C: an increase in the interest rate paid on reserves D: a decrease in the discount rate on Fed lending
- Which of followings are the monetary policy tools? ( ) A: foreign exchange B: open market operation C: required reserve ratio D: rediscount rate
- High rates of personal income tax are thought to have a disincentive<br/>effect. This refers to the likelihood that the high rates of tax will<br/>_______. A: Encourage illegal tax evasion by individuals B: Lead to a reduction in the supply of labour C: Lead to a reduction in savings by individuals D: Discourage consumer spending and company investments
- According to the assignment rule, which of the following policy mixes<br/>is appropriate for a country with high inflation, a balance of<br/>payments deficit, and fixed exchange rates? ____. A: Expansionary fiscal policy and expansionary monetary policy B: Expansionary fiscal policy and contractionary monetary policy C: Contractionary fiscal policy and expansionary monetary policy D: Contractionary fiscal policy and contractionary monetary policy