In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1?
A) a
B) b
C) c
D) It is impossible to say at which point the elasticity equals one.
C
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Primary credit is only a backup source of funds for health banks since
A) the primary credit rate is set above the federal funds rate. B) restrictions as to its use limit its benefits. C) the secondary credit rate pays 0.5% more. D) banks must seek funds from other sources prior to requesting a discount loan.
When the Fed loaned to banks using banks' long-run assets such as mortgages as collateral, it was:
A. giving banks assets. B. providing banks with liquidity. C. loosening its regulations of bank. D. conducting standard monetary policy.
Say's law
A. was a basic pillar of Keynesian economics.
B. was a basic pillar of classical economics.
C. proves that we can never have full employment.
D. was formulated during the Great Depression.
The demand for labor curve is identical to the:
A. marginal revenue curve. B. marginal resource curve. C. total revenue curve. D. marginal revenue product curve.