The __________ rate is the interest rate one bank pays another bank for a loan
A) discount
B) mortgage
C) reserve requirement
D) federal funds
E) bank-borrowing
D
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An example of rent seeking is
a. lobbying by industrial groups. b. lawsuits between rival firms. c. battles over exclusive licenses. d. All of the above are correct.
If speculators bid up the value of the dollar in the market for foreign-currency exchange, U.S. aggregate demand would shift to the left
a. True b. False Indicate whether the statement is true or false
Which of the following statements is false?
A) Aggregate demand is a specific dollar amount, such as $400 billion. B) At a given price level, anything that changes total expenditures changes aggregate demand. C) Total expenditures rises if consumption rises, ceteris paribus. D) Total expenditures rises if investment spending rises, ceteris paribus.
You have two options for how to spend the afternoon. You can either go see a movie with your roommate or work as a tutor for the Math Department. From experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. If you spend the afternoon working as a math tutor, you will get paid $45. On a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. What is your opportunity cost of seeing a movie this afternoon?
A. $57 B. $8 C. $12 D. $22