The discount rate is typically:
A. higher than federal funds rate.
B. lower than federal funds rate.
C. about the same as federal funds rate.
D. determined by the government, and does not correlate with other interest rates.
A. higher than federal funds rate.
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The ________ in employment during a recession is smaller if wages are ________
A) increase; flexible B) decline; rigid C) increase; rigid D) decline; flexible
If we add up all the money people spend buying final goods and services-being careful to omit spending on intermediate goods so as not to double-count-the sum will be:
A. the gross domestic product of the economy. B. total expenditure in the economy. C. the market value of all output sold in the economy. D. All of these statements are true.
People should buy bonds when they think that interest rates are as high as they will go
Indicate whether the statement is true or false
The availability year-round in U.S. supermarkets of produce from Central America reflects which of the following economic concepts?
a. scarcity b. productivity c. specialization d. competition