Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. If 2015 is the base year, the price index in 2016 is
A. 86.1.
B. 87.8.
C. 112.2.
D. 113.9.
Answer: D
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The discount window is
A) another name for the discount rate. B) the means by which the Fed makes discount loans to banks. C) the spread between the discount rate and the T-bill rate. D) the period each month during which banks are allowed to apply for discount loans.
The ideal pollution tax adds how much to private cost?
a. as much as possible b. an amount that will maximize government tax revenue c. an amount equal to the market price d. an amount equal to the external cost e. nothing
Which of the following is a fixed cost?
a. electricity b. worker bonuses c. mortgage on the building d. steel to produce refrigerators
From 2007 to 2008, the Federal Reserve System reduced interest rates, the price which borrowers pay. As a result, economists expected that the quantity of money supplied would
a. increase. b. decrease. c. not change. d. Uncertain-economic theory has no answer to this question.