Because oil price increases reduce the consumption of oil, this ...

[lracut11]

Because oil price increases reduce the consumption of oil, this discourages the development of oil substitutes.
 
  Indicate whether the statement is true or false

Question 2

Distinguish between monetary policy instruments and goals.
 
  What will be an ideal response?

[ong527]

Answer to Question 1

FALSE

Answer to Question 2

Monetary policy instruments are the variables the Fed can use to conduct monetary policy and reach its goals. These include the monetary base or the federal funds rate. Monetary policy goals are the ultimate objectives for the Fed. These include price stability and full employment.

[lracut11]

YES! Correct, THANKS for helping me on my review

[ecabral0]

Thanks for the timely response, appreciate it