​The Federal Reserve district banks are primarily responsible for

When the Federal Reserve makes a loan at the discount window to a bank, it will __________ the monetary base by __________ bank reserves.

Of the policy tools available to the Federal Reserve, the most frequently used are the

When the excess reserve ratio decreases, the impact of changes in the monetary base on the money supply is

​Suppose the current real federal funds rate in the economy is 1.5%, the current inflation rate is 3.0%, the Federal Reserve’s target inflation rate is 2.0%, and the output gap is 1.0%. The Taylor Rule would suggest that the Federal Reserve’s target federal funds rate should be

In the face of a credit crunch, the Federal Reserve will most likely attempt to

Simplify by clearing parentheses and combining like terms.10(5y – 4) – 11y

​The ease of being able to convert an asset into money is referred to as

During a credit crunch, the excess reserve ratio will

​The chair of the Federal Reserve becomes the chair by being