Assuming all else equal, the demand curve for reserves in an economy shifts to the left. Which of the following could be a likely reason for this shift?
A) An increase in the federal funds rate B) A decrease in the federal funds rate
C) Rapid contraction of the economy D) Rapid expansion of the economy
C
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Interest is to saver as
A) interest is to debtor. B) profit is to entrepreneur. C) tuition is to student. D) commission is to committee.
Explain the difference between the per se and "rule of reason" standards of the antitrust laws
The Bretton Woods system required countries to actively buy and sell dollars to maintain fixed exchange rates when:
a. a country experienced a severe bout of inflation. b. the free market equilibrium exchange rate differed from the fixed rate. c. a country experienced serious unemployment. d. the threat of recession began to spread from one country to another. e. worldwide trade began to deteriorate.
Which of the following is not an example of a principal-agent relationship?
a. a soccer player and her coach b. a man and his neighbor c. an construction worker and his foreman d. a driver and her insurance agent