Refer to Resource Supply/Demand. The social gain from this resource being sold is
The following questions refer to the accompanying graph, which shows the supply and demand for a resource. The owner of the resource is receiving the price P0 and is providing the quantity Q0.
a. area A
b. area A + B
c. area A + B + C
d. area A + B + C + D
c. area A + B + C
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The federal funds rate is the interest rate that
A) the Fed charges to banks that borrow from it. B) banks charge the Fed for using their reserves. C) banks charge each other for borrowed money. D) the Fed pays on bank reserves.
The "rational expectations revolution" refers to a substantial change in the thinking of ________
A) households and businesses B) policy makers C) macroeconomists D) elected officials
Increasing the amount of annual per pupil expenditures has helped in increasing student performance. What could make that improvement better?
What will be an ideal response?
As a result of the housing-market crash:
A. aggregate demand shifted to the left, and aggregate supply shifted to the right. B. both aggregate demand and aggregate supply shifted to the right. C. both aggregate demand and aggregate supply shifted to the left. D. aggregate demand shifted to the right, and aggregate supply shifted to the left.