Which of the following statements is most correct?
A. Discount loans are made when banks need relatively large amounts of cash for the long term.
B. Discount loans are initiated by the Federal Reserve.
C. Discount loans are made when banks need relatively small amounts of cash for the short term.
D. Discount loans are made when banks need relatively small amounts of cash for the long term.
Answer: C
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Although price searchers can set their prices, the prices they can set are still affected by market conditions.
a. True b. False 2. Suppose firms in a competitive price-searcher market with low barriers to entry are earning an economic profit. Firms will (enter/exit) this market until economic profits are (zero/postive/ negative)
The largest portion of the M1 money supply consists of
A. coins in circulation. B. paper currency in circulation. C. savings deposits at credit unions. D. checkable deposits.
If the slope of a straight line is 6 and if Y (the variable on the vertical axis) decreases by 60, then X (the variable on the horizontal axis)
A. decreases by 600. B. decreases by 10. C. increases by 10. D. increases by 600.
If, as a result of imperfect information, firms set their wage rates ________ the market clearing wage rate, there will be a surplus of workers.
A. below B. at C. above D. above or below