Nbsp is a variable that responds to the actual banks tools
_____ is a variable that responds to the actual bank's tools and indicates the stance of monetary policy.
Excess reserves
Repurchase agreement
Policy instrument
Required reserves
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is the level of unemployment above zero consistent with full employment at which the demand for labor equals the
are the reserves the fed requires the bank to holdpolicy instrumentrequired reservesexcess reservesrepurchase
in a the fed purchases securities with an agreement that the seller will repurchase them in a short period of
nbsp is a variable that responds to the actual banks tools and indicates the stance of monetary policyexcess
nbsp consists of deposits at the fed plus currency that is physically held by banks and are regulations making it
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