The discount rate is the interest rate charged by the central bank when it makes loans to commercial banks
a. True
b. False
Indicate whether the statement is true or false
True
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An undervalued domestic currency:
A) harms all the economic agents in the country. B) benefits all the economic agents in the country C) makes imports more expensive for domestic consumers. D) can be achieved by buying the domestic currency.
In order to discover anything about causal relationships in economics we must first have
A) all the relevant data. B) quantified data or statistics. C) scientific evidence. D) some kind of theory of how things fit together. E) the courage and civility to eliminate all biases and preconceptions from our thinking.
Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, approximately one-third took the form of ________ and two-thirds took the form of increases in ________
A) treasury bond purchases; the money supply B) tax rebates; tax cuts C) tax cuts; government expenditures D) discretionary government spending; transfer payments
Multinational companies can easily apply identical production methods in different countries and obtain the same results
Indicate whether the statement is true or false