Refer to Figure 7-5. If consumers paid the full price of medical services, the equilibrium quantity would be
A) 400. B) 800. C) 1,200. D) > 1,200.
B
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According to the textbook, the Fed's information is fairly imprecise in regards to all of these things except:
A. actual real GDP B. potential GDP C. size of output gaps D. speed of the effects of its actions
An open market sale of securities by the Fed
A) decreases banks' reserves and increases banks' securities. B) increases banks' reserves and decreases banks' securities. C) increases banks' total assets. D) involves a bank selling government securities to the Fed.
The term federal funds market refers to the market for overnight interbank reserve loans
a. True b. False Indicate whether the statement is true or false
An example of an in-kind benefit is
A. a welfare payment. B. capital gains. C. a charitable contribution of money. D. public housing.