Higher interest rates make it:
A. harder to get a loan typically.
B. more expensive to borrow.
C. less expensive to borrow.
D. easier to get a loan typically.
Answer: B
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According to the Application, the Fed started paying interest to banks on reserves. Since this change has occurred
A) all total reserves are now excess reserves. B) total reserves are finally equal to required reserves. C) required reserves now exceed total reserves. D) total reserves now far exceed required reserves.
The adult population of a country is 200 million. Of this population, 120 million are employed and 20 million are unemployed. The labor-force participation rate in this country is _____
a. 50% b. 30% c. 70% d. 35%
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.
The U.S. Internet search market:
A. is best characterized by pure competition. B. is dominated by Google, which controls about 70 percent of the market. C. has a few prominent firms that each possesses a relatively equal market share. D. has no barriers to entry.