The most visible market signal of the Fed's activity is the
A. Federal funds rate.
B. Equilibrium interest rate.
C. Discount rate.
D. Prime lending rate.
Answer: A
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In the above table, the marginal product of the 7th worker is 6. What is the total product when 7 workers are employed?
A) 68 B) 70 C) 72 D) 76
In 2009, Germany's capital account was -$135 million. This implies that
A) Germany invested more in other countries than those countries invested in Germany. B) Germany's currency must have appreciated during 2009. C) Germany imported more goods from its trading partners than it exported. D) Germany's official settlements account in 2009 must have been positive.
In the short run, an increase in export sales would cause output to ________ and the price level to ________
A) rise; rise B) rise; stay constant C) fall; stay constant D) fall; rise
A nonexcludable good _____
a. is by definition also a collective consumption good b. usually suffers from the free rider problem c. will always lead to overproduction d. is frequently illegal