In its role as the bankers’ bank, the Federal Reserve performs all of the following services, except:

The principle tool the Fed uses to keep the federal funds rate close to the target is:

The dynamic aggregate demand curve illustrates that the relationship between inflation and real output is:

For questions 88, 90, 92 and 94, answer only THREE of the four questions (45 points total, 15 points each question). Questions 89, 91, 93 and 95 are connected with questions 88, 90, 92 and 94 and are for uploading your diagrammed answers to these questions.  If more than three questions are answered, indicate the three you wish to have graded.  If there is no indication, the first three answers will be graded.

The long-run aggregate supply curve intersects the horizontal axis at the:

Questions 1-5 The electron transport chain can best be described as:

The reduction in transaction costs provided by financial intermediaries benefit:

The higher the nominal interest rate:

Criteria used to judge a central bank’s independence include each of the following, except:

Suppose the currency-to-deposit ratio is 0.2, the excess reserve-to-deposit ratio is 0.05, and the required reserve ratio is 0.10. Which will have a larger impact on the money multiplier: a rise of 0.03 in the currency ratio or in the excess reserve ratio?