The General Motors Acceptance Company (GMAC) is a
A) sales finance company.
B) consumer finance company.
C) business finance company.
D) public finance company.
A
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Refer to above figure. What is the amount of efficiency loss resulting from imposition of the tariff?
What will be an ideal response?
Much of the empirical evidence on the behavior of costs for real-world firms suggests that:
A) average costs functions are U-shaped as suggested by economic theory. B) for most firms, marginal costs are declining in the range in which the firms operate. C) for many firms, marginal and average variable costs are constant over wide ranges of output. D) there is no relationship between the marginal and average variable costs of production.
Everything else held constant, in the market for reserves, when the federal funds rate is 3%, lowering the discount rate from 5% to 4%
A) lowers the federal funds rate. B) raises the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
In the Keynesian model with a fixed money wage but a flexible price level, an increase in taxes will lower
a. output and the price level, but leave the interest rate unchanged. b. output, the price level and the interest rate. c. output and the interest rate, but leave the price level unchanged. d. output and the price level, but increase the interest rate. e. the price level and the interest rate, but leave output unchanged.