A decrease in the discount rate ________ bank reserves and ________ the federal funds rate
A) increases; raises
B) increases; lowers
C) decreases; raises
D) decrease; lowers
B
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One major challenge of the Canadian National Health Insurance System is
a. there is more access to medical technology in Canada. b. The population density differences in the country. c. the monopsony power of the Canadian provincial health plans in negotiating fees with physicians' associations. d. the fact that there is no large inner-city population in Canada to drive up costs. e. all of the above.
The saying that "There's no such thing as a free lunch" refers to the:
A. marginal principle. B. spillover principle. C. principle of opportunity cost. D. reality principle.
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. From Period 2 to Period 3, the marginal return to labor is equal to
A. 0.67. B. 1.5. C. 3.36. D. 3.76.
Define the nominal wage rate and the real wage rate. Can the nominal wage rate increase faster than the real wage rate?
What will be an ideal response?