The federal funds rate is the interest rate the:
A. banks charge individual investors for Fed funds.
B. banks charge each other in the Fed funds market.
C. government charges banks for Fed funds.
D. Fed charges banks for Fed funds.
Answer: B
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In the long run, a perfectly competitive firm leaves the market if the market price is less than the firm's average total cost
Indicate whether the statement is true or false
Given the graph, the quantity that would be associated with the price of $1 in a demand table would be:
A. 6. B. 5. C. 4. D. 3.
With respect to unemployment, the classical model states that
A. involuntary unemployment will always exceed voluntary unemployment. B. unemployment fluctuates with the interest rate. C. only voluntary unemployment exists. D. unemployment of any kind cannot exist.
From ________ the stock market as measured by the S&P 500 index had a record boom.
A. 2000-2002 B. 1973-1976 C. 1986-1988 D. 1995-2000