The interest rate that banks use as a reference point for interest rates on a wide range of loans to businesses and individuals is the:
A. Discount rate
B. Term auction rate
C. Prime interest rate
D. Real interest rate
C. Prime interest rate
Economics
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A subgame-perfect equilibrium is a Nash equilibrium in which no player can make himself better off by changing his decision at any decision node
Indicate whether the statement is true or false
Economics
In the RBC model, an adverse supply shock causes the decrease in natural real GDP to be maximized when the labor supply curve is
A) relatively steep. B) relatively flat. C) vertical. D) horizontal.
Economics
What is asymmetric information? Describe with examples
Economics
Discuss how the 3-D printer is set to make manufactured goods more affordable for the average person in the United States
Please provide the best answer for the statement.
Economics