The discount rate is the interest rate that the Federal Reserve charges banks for borrowing from the Fed
Indicate whether the statement is true or false
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The fiscal-policy multiplier will be greater
A) the greater is the interest responsiveness of the demand for money. B) the smaller is the interest responsiveness of autonomous expenditures. C) the smaller is the income responsiveness of the demand for money. D) All of the above tend to make the fiscal-policy multiplier greater.
If the prices of both goods and income increase by the same percentage, what will happen to the budget line?
A) The budget line rotates inward from the intercept on the axis of the good that did not change in price. B) The budget line rotates outward from the intercept on the axis of the good that did not change in price. C) The budget line shifts outward without a change in slope. D) Nothing.
The statement "Every contract, combination in the form of a trust or otherwise, or conspiracy, in restraint of trade or commerce . . ." is found in the
A) Sherman Antitrust Act. B) Clayton Antitrust Act. C) Robinson-Patman Act. D) Interstate Commerce Commission Act.
Calculate which has a higher present value: an annual payment of $100 received over 3 years or an annual payment of $50 received over 7 years. In both cases the interest rate is 7% (or 0.07).
What will be an ideal response?