Figure 6.5 illustrates the market for sugar. If imports of sugar were banned, the price of sugar would be at point:
A. C.
B. D.
C. F.
D. G.
Answer: A
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In the United States, the labor-force participation rate since 1960 has been
A) increasing for females. B) unchanged for both males and females. C) declining for females. D) declining for both males and females.
If the Fed allows the federal funds rate to fall well below the rediscount rate it is likely that the Fed will
A) lower the rediscount rate and increase c, the proportion of demand deposits held as cash. B) raise the rediscount rate. C) increase loans to banks. D) decrease loans to banks.
A flat wage profile refers to
A) wage compression. B) backloaded compensation. C) an efficiency wage. D) deferred compensation.
A reserve requirement of 50 percent means a money multiplier of: a. 0.50. b. 2
c. 5. d. 50.