The interest rate the Federal Reserve charges when lending reserves to depository institutions is known as the ________
Fill in the blank(s) with correct word
Discount rate
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If policymakers are expected to increase the money supply, Monetarists argue that there is __________ effect. There is __________ effect that raises prices when the money supply actually increases
A) a small liquidity; an income B) no; an income C) a small income; a liquidity D) no; a liquidity
Davy's Doggie Daycare rents a warehouse and field for $2,000 a month to house its boarding pooches. Farmer Fred owns the property, he used to use it for farming and made $3,000 a month, but has since retired. What is the cost of the warehouse and field to Davy?
A. It is an implicit cost of $3,000. B. It is an explicit cost of $2,000. C. There is both an explicit and implicit cost totaling $5,000. D. It is an implicit cost of $0.
This graph shows the cost and revenue curves faced by a monopoly. 
According to the graph shown, if Q1 units are being produced, this monopolist should:
A. charge P3 to maximize profits. B. charge P1 to maximize profits. C. charge P0 to maximize profits. D. increase production.
The marginal product of labor (measured in units of output) for Relient Corp. is given by MPN = A(200 - N)where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $3 per unit and A = 2.0. What will be the demand for labor if the nominal wage is $30?
A. 185 B. 195 C. 170 D. 190