The interest rate the Fed charges on loans it makes to banks is called
a. the prime rate.
b. the federal funds rate.
c. the discount rate.
d. the LIBOR.
c
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On average, people in the United States spend a greater percentage of their income on health care than do people in most other countries
Indicate whether the statement is true or false
Which of the following lists two things that both decrease the money supply?
a. lower the discount rate and raise the reserve requirement ratio b. lower the discount rate and lower the reserve requirement ratio c. raise the discount rate and raise the reserve requirement ratio d. raise the discount rate and lower the reserve requirement ratio
A price ceiling is only effective if it is above the market equilibrium.
Answer the following statement true (T) or false (F)
Wages that are above the wage that workers would accept, where the premium is paid to increase worker productivity, are referred to as:
A) wage floors. B) wage ceilings. C) efficiency wages. D) productivity wages.