The rate at which banks can borrow excess reserves from other banks is equal to
A. the discount rate.
B. the interest rate paid on reserves held with the Fed.
C. the federal funds rate.
D. the Treasury bill rate.
Answer: C
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Suppose the government's initial debt is $350 billion and that during the next two years the government runs deficits of $90 and $40 billion
If during the third year the government has a $70 billion surplus, the government's total debt at the end of the three years will be A) $60 billion. B) $200 billion. C) $410 billion. D) $550 billion.
________ are the portion of claims that policyholders must pay for out of their own pockets
A) Dividends B) Tokens C) Coupons D) Deductibles
Given input prices and the usual strategy of a profit-maximizing firm, efficient production occurs at
A. the highest isocost C for a given isoquant Q. B. the lowest isocost C for a given isoquant Q. C. the highest isoquant Q for a given isocost C. D. the lowest isoquant Q for a given isocost C.
Which of the following illustrates the data lag?
A) The economy turns down on January 8, 2006, but policymakers do not figure this out until April 19, 2006. B) Policymakers wait and see what is really going on with the economy. C) Policymakers implement policy X on September 12, 2006, but the effects are not felt until six months later. D) The data lag is illustrated equally well by a, b, and c.