An increase in the discount rate would:
A) decrease bank borrowing of reserves and reflect an expansionary monetary policy.
B) decrease bank borrowing of reserves and reflect a contractionary monetary policy.
C) increase bank borrowing of reserves and reflect an expansionary monetary policy.
D) increase bank borrowing of reserves and reflect a contractionary monetary policy.
B
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The price of a PC falls or the price of an MP3 download rises? (Draw the diagrams!)
What will be an ideal response?
In a market economy, income is primarily determined by
a. the productivity of household resources b. the level of transfer payments c. government monetary and fiscal policy d. the geographic distribution of resources e. the amount of financial assets owned by households
Private goods are nonexclusive goods
Indicate whether the statement is true or false
Laws that outlaw union shops and which may be passed (or not) by individual states are called
A) Smoot-Hawley laws. B) pro-scab laws. C) free-rider laws. D) right-to-work laws.