Reserves borrowed at the federal funds rate are usually repaid ________.
A. in one year
B. the next day
C. at the end of the month
D. in five years
Answer: B
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Which of the following is a clear difference between the market system and government?
A) Collective welfare controls government policy; the market system serves the welfare of individuals. B) Competition regulates the market system, but competition does not constrain the actions of government officials. C) The market system serves the interests of some; government serves the interests of all. D) Each of the above statements expresses the difference between the two. E) None of the above expresses the difference between the two.
The market-day supply is drawn as a vertical line at a particular level of production because
a. output can easily be adjusted b. chronic excess supply is permanent c. output can completely adjust to price changes d. output can partially adjust to price changes e. output cannot be changed during the market day
What is the investment demand curve?
What will be an ideal response?
The equation representing the investment schedule for the economy is:
Answer the question on the basis of the following data for a private
closed economy. The letters Y, C, S, and I are used to represent real GDP, consumption, saving, and investment respectively.
A. I = .3Y.
B. I = 80 - .3Y.
C. I = 30 + .1Y.
D. I = I 0 = 30.