The discount rate is the interest
A. rate at which the central banks lend to the United States Treasury.
B. rate at which the Federal Reserve Banks lend to commercial banks and thrift institutions.
C. yield on long-term government bonds.
D. rate at which commercial banks and thrifts lend to the public.
B. rate at which the Federal Reserve Banks lend to commercial banks and thrift institutions.
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In the United States, the emergence of the third-party payment system has:
A. led health care costs to increase over time. B. had almost no impact on health care costs. C. led people to consume less than the socially optimal level of health care. D. led health care costs to decrease over time.
A manager maximizes profit when they find a level of output where marginal revenue and marginal cost are equal
Indicate whether the statement is true or false
Figure 10-7
Which of the panels in Figure 10-7 shows an economic recession caused by primarily by a change aggregate demand?
a.
Panel (A)
b.
Panel (B)
c.
Panel (C)
d.
Panel (D)
The amount by which imports increase when income goes up by one dollar is called
A. the marginal propensity to import. B. the marginal propensity to consume. C. the spending multiplier. D. the money multiplier.