If a commercial bank borrows from the Federal Reserve, the price it pays is
A) zero, there is no payment.
B) the prime rate.
C) the federal funds rate.
D) the discount rate.
D
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Arguing that economic growth will eventually stop because we will run out of natural resources:
A. ignores the power of markets to recognize shortages and induce changes in behavior. B. must be correct because scarcity exists. C. is supported today by the fact that richer countries have fewer natural resources. D. will only be correct if growth takes the form of newer, more efficient goods and services.
If the rate at which workers flow from employment into unemployment each period is 6% and the flow out of unemployment occurs at a rate of 69%, then the natural rate of unemployment is
a) 4.14% b) 6% c) 8% d) 6.9% e) 11.5%
The graph below shows the Chamberlin model. One would expect the demand curve facing a monopolistically competitive firm to be 
A. more elastic than a perfectly competitive firm in the same industry. B. as elastic as a monopoly in the same industry. C. more elastic than a monopoly in the same industry. D. less elastic than a monopoly in the same industry.
A main debate between the Classical economists and Keynesian economists was related to: (2)
What will be an ideal response?