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17 - 1INCORRECT A B C D E noneoftheabove Feedback:...

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1 INCORRECT The most widely used monetary tool is A) open market operations. B) altering the reserve requirements. C) altering the discount rate. D) altering marginal tax rates. E) none of the above. Feedback: The most widely used monetary tool is open market operations. 2 INCORRECT Monetary policy is determined by A) presidential mandates. B) government budget decisions. C) congressional actions. D) the board of Governors of the Federal Reserve  System. E) none of the above Feedback: Monetary policy is determined by the board of Governors of the Federal Reserve System. 3 INCORRECT Fiscal policy is difficult to implement quickly because A) it requires political negotiations. B) increases in tax rates affect consumer  spending gradually. C) much of government spending is non- discretionary and cannot be changed. D) A and B E) A and C Feedback: Fiscal policy is difficult to implement quickly because it requires political negotiations and much  of government spending is non-discretionary and cannot be changed. 4 INCORRECT
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17 - 1INCORRECT A B C D E noneoftheabove Feedback:...

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