Which of the following is a cash transfer received from the government?
a. Medicaid
b. Earned Income Tax Credit
c. Food stamps
d. Housing assistance
e. Free education
b
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If real income increases,
a. there will be a rightward movement along a stationary money demand curve b. there will be a leftward movement along a stationary money demand curve c. the demand for money curve will shift rightward d. the demand for money curve will shift leftward e. there will be no movement of the demand curve for money and no movement along it
Which of the following is not a possible source of last-minute reserves for a private bank?
A. Selling bonds. B. Borrowing reserves from other banks. C. Raising the discount rate. D. Borrowing reserves from the Federal Reserve System.
According to the above figure, equilibrium is at point
A. C. B. D. C. E. D. B.
A firm uses an efficiency wage scheme to deter workers from shirking, which is detected 10% of the times. Suppose a risk-neutral worker that has a reservation wage of $500. The efficiency wage paid by this firm is $7,000. What is the industry ongoing wage?
A) $1,000 B) $5,000 C) $1,500 D) $2,000