The interest rate that banks change one another on overnight loans is called the
What will be an ideal response?
Answer: Federal funds rate
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According to the classical system, saving is a function of
a. income. b. the real interest rate. c. the real wage. d. the profitability of firms. e. all of the above.
Economic analysis that focuses on bounded rationality and psychological insights is known as: a. behavioral economics. b. Keynesian economics. c. Austrian economics
d. supply-side economics.
Tax shifting
a. is the process by which buyers pass a tax onto sellers b. is the process that causes some of a tax collected by one side of a market to be paid by the other side c. is the process of avoiding taxes and lowering a tax burden d. is a way of avoiding payment of a tax e. is illegal in the United States
Considering that there are over a half million doctors in the United States, it is still possible for a doctor to have a __________ monopoly in her or his neighborhood.
Fill in the blank(s) with the appropriate word(s).