Which best describes the lower endpoint of a confidence interval?
A. point estimate plus margin of error
B. point estimate
C. margin of error
D. point estimate minus margin of error
Ans: D. point estimate minus margin of error
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Everything else held constant, in the market for reserves, when the demand for federal funds intersects the reserve supply curve along the horizontal section, increasing the discount rate
A) increases the federal funds rate. B) lowers the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
Which of the following affects demand for money?
A) prices B) nominal income C) interest rate D) all of the above E) none of the above
If you wanted to compare the quantity of output of a country across time periods, which of the following would you use?
a. the consumer price index b. nominal GDP c. the GDP deflator d. real GDP
An externality exists when
A) goods are sold in specific geographic locations. B) some of the benefits or costs associated with a good are borne by third parties. C) the government taxes a good. D) the government subsidizes a good.