What is the discount rate?
What will be an ideal response?
The discount rate is the interest rate that the Fed charges banks when the banks borrow reserves from the Fed.
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Economists use regression analysis to separate the effects of productivity-related characteristics from the effect of gender alone
Indicate whether the statement is true or false
According to the MABP, BOP disequilibria
A) must be transitory. B) are essentially real phenomena. C) must be permanent. D) are not important.
Which of the following "factors of production" is included in the neoclassical growth theory?
A) skills and education of the workforce B) cultural attitudes toward work C) effectiveness of the legal system in protecting property rights D) labor measured in units of effective labor E) all of the above
If a country wants to keep its exchange rate fixed, it must
A) allow its currency value to vary with market supply and demand in foreign exchange markets. B) be a member of the IMF. C) vary the amount of its national currency supplied at any given exchange rate in foreign exchange markets when necessary. D) eliminate its foreign exchange reserves.