The federal funds market is the market for
a. loans from the federal government.
b. loans from the Federal Reserve.
c. government borrowing and lending.
d. interbank lending.
e. all of the above.
D
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Which of the following is the largest component of M1?
A) traveler's checks B) savings deposits C) checking deposits D) currency
If a $50 subsidy is legally (statutorily) granted to the sellers of weed eaters and as a result the price of weed eaters to consumers falls by $30, the actual benefit of the subsidy
a. goes completely to buyers of weed eaters. b. goes completely to sellers of weed eaters. c. is $30 to buyers and $20 to sellers. d. is $20 to buyers and $30 to sellers.
To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this? year, you should compare the value of the bread in
A) CPI quantity.
B) real quantity.
C) nominal prices.
D) nominal quantity.
E) real prices.
Transaction costs refer to:
A. variable costs of labor. B. fixed costs of capital. C. economies of scale. D. costs of exchange unrelated to production costs.