The cost to a member bank of borrowing from the Federal Reserve is called the:
a. reserve requirement.
b. price of securities in the open market.
c. discount rate.
d. yield on government bonds.
c
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As aggregate demand shifts right along the aggregate supply curve,
a. inflation and unemployment are higher. b. inflation is higher and unemployment is lower. c. unemployment is higher and inflation is lower. d. unemployment and inflation are lower.
One of the things that employers can do to lessen the moral hazard problem involving their employees is to pay them in advance for their work
a. True b. False Indicate whether the statement is true or false
The Federal Reserve:
A. sets the budget for the U.S. government. B. is appointed by the president of the United States. C. is the central bank of the United States. D. is responsible for funding federal spending.
The most common of all nonprice rationing systems is
A. queuing. B. price ceilings. C. favored customers. D. ration coupons.