The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.
A. prime
B. discount
C. Fed funds
D. Federal
Answer: B
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An increase in the inflation rate of one country relative to another country will probably cause
A) an increase in exports for the inflating country. B) a balance of trade deficit for the inflating country. C) a current account surplus for the inflating country. D) an increase in the amount of official reserves held by the inflating country's central bank.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Refer to the data provided in Table 9.4 below to answer the question(s) that follow. Table 9.4qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 11004014040 40 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.42Refer to Table 9.4. At a market price of $56, if the firm produces where MR = MC, then it would produce ________ units of output and earn an economic profit of ________.
A. 5; $0 B. either 4 or 5; $0 C. 0; -$100 D. 4; $0
Benefits today cannot be directly compared with costs in the future because:
A. investments aren't always profitable. B. people do not have perfect willpower and will waste money today. C. money today is worth more than money in the future. D. more information is needed to make investment decisions than is typically available.