When a commercial bank borrows from a Federal Reserve Bank
A. the supply of money automatically increases.
B. it indicates that the commercial bank is unsound financially.
C. the commercial bank's lending ability is increased.
D. the commercial bank's reserves are reduced.
C. the commercial bank's lending ability is increased.
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What is an income statement?
What will be an ideal response?
Economic growth theory studies how real GDP changes ________, in other words the growth of ________ real GDP
A) on average over long periods, natural B) on average over long periods, actual C) from one year to the next, natural D) from one year to the next, actual
In the long run,
a. some resources are variable and some resources are fixed. b. all the resources can be varied. c. all resources are fixed. d. at least one resource is fixed. e. there are no explicit costs.
Answer the following statements true (T) or false (F)
1. If the decrease in supply is less than the decrease in demand, then the equilibrium price will decrease. 2. A price ceiling imposed by the government is intended to benefit the sellers of the product. 3. An effective price ceiling will lower the equilibrium price and cause a surplus. 4. In response to the general public's complaints about "price gouging" by sellers, the government could impose a price floor.