Senior citizens can buy movie tickets at a lower price than other people. This is an example of
A. price discrimination.
B. age discrimination.
C. market failure.
D. demand discrimination.
Answer: A
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In the above figure, if there is a negative relationship between the variables x and y, which of the graphs above can be used to indicate this?
A) Figure A B) Figure B C) Figure C D) both Figure A and Figure C
As a tool of monetary policy the effectiveness of the discount rate is __________ because __________
A) Limited; banks will not borrow reserves from the Fed as long as they have ample excess reserves no matter how low the discount rate goes B) Limited; banks will borrow reserves from the Fed whenever they need them as long as they have a reserve deficiency no matter how high the discount rate goes C) very effective; changes in the discount rate leads changes in money market rates and thus assures that the injections and withdrawals of reserves from the banking system desired by the Fed will occur D) very effective; banks will predictably increase borrowings from the Federal Reserve when the discount rate decreases and decrease borrowings when the discount rate increases
In the South after the Civil War,
a. agriculture was the first to recover to prewar levels. b. the transportation network took nearly 20 years to recover. c. manufacturing recovered before agriculture. d. large public spending was needed to repair extensive damage to the rail network.
A recessionary gap exists when the level of full-employment output exceeds the equilibrium level of output
Indicate whether the statement is true or false