What interest rate does the Fed charge when it makes loans to banks?
a. the prime rate
b. the U.S. Treasury Bond rate
c. the discount rate
d. the federal funds rate
e. the U.S. Treasury Bill rate
C
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The figure above shows the market for tires. The government has imposed a tax on tires, and the sellers pay ________ of the tax
A) $10 B) $20 C) $50 D) $60 E) $30
In Country Z, the government simultaneously decreases its expenditures by $20 billion and decreases taxes by $20 billion. If the MPS is equal to 0.2, the government's action ________ real GDP by ________
A) decreases; $100 billion B) decreases; $20 billion C) decreases; $80 billion D) has no effect on; $0
Using a carefully-labeled diagram, explain an Engel curve for a good that is initially a normal good, but eventually becomes an inferior good.
What will be an ideal response?
Jenner is obtaining a patent for the new diet drink formulation he created. He hopes that Coca Cola and other companies will be interested in licensing his formula. Jenner is protecting his _____ property with the patent.
Fill in the blank(s) with the appropriate word(s).