​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

Graph the line containing the given point and with the given slope.(1, 3); m = –

What is the interval notation to  

Find the slope of the line that passes through the given points.(-2, 3) and (6, 9).

Solve the system by substitution. y = -24 – 7x 8x + 4y = -56