The Federal Reserve's credit policy refers to
A. the Fed's direct lending to homeowners and students.
B. a direct credit on bank depositors' saving and checking accounts.
C. regulations on terms on credit cards that banks issue.
D. the Fed's direct lending to financial and nonfinancial firms.
Answer: D
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The graph below represents the market for alfalfa. The equilibrium price is $7.00 per bushel, but the market price is $9.00 per bushel
Identify the areas representing consumer surplus, producer surplus, and deadweight loss at the equilibrium price of $7.00 and at the market price of $9.00.
Total wealth is a ____ concept; total income is a ____ concept.
a. stock; flow. b. stock; stock. c. flow; stock. d. flow; flow.
The time it takes for policy makers to obtain data indicating what is happening in the economy is called
A) the data lag. B) the recognition lag. C) the legislative lag. D) the implementation lag. E) the effectiveness lag.
If demand is inelastic, an increase in the price of a good will cause total revenue to:
a. fall. b. remain constant since the decrease in quantity sold is exactly offset by the price increase. c. rise. d. rise if it is a normal good and fall if it is an inferior good.