The rate at which banks can borrow excess reserves from other banks is equal to
A. the required reserve ratio.
B. the interest rate paid on reserves held with the Fed.
C. the discount rate.
D. none of these.
Answer: D
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Refer to Table 15.2. From the information presented in the table, calculate the following values for the nation of Harmonia in 2012: a. the budget deficit b. the primary budget deficit c. the uses of government funds d
the sources of government funds
A tax multiplier equal to –4.30 would imply that a $100 tax increase would lead to a
a. $430 decline in national income b. $430 increase in national income c. 4.3 percent increase in national income d. 4.3 percent decrease in national income e. 43 percent decrease in national income
A firm hires some number of custodians to clean a large warehouse. When only a few custodians are hired, they can quickly find and remove a lot of dust and debris. As the number of custodians increases, additional custodians have to go to greater
lengths and spend more time to find and remove additional dust and debris. What property of production functions is relevant to the custodians' situation?
The reward that lenders of loanable funds receive for delaying consumption and supplying loanable funds to the loanable funds market is called the
a. marginal factor cost b. loanable funds c. wage-related rent d. interest rate e. marginal revenue product