The three-month Treasury bill rate is the
A. interest rate used by commercial banks to loan to other commercial banks.
B. most widely followed short-term interest rate.
C. same as the prime rate.
D. interest rate the Fed charges commercial banks for borrowing.
Answer: B
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List the factors that change supply and shift the supply curve. Tell what happens to supply and the supply curve when there is an increase in the factor
What will be an ideal response?
The consumer's gain from the imposition of a price ceiling is higher when
A) the own price elasticity of market demand is high and the price elasticity of market supply is high. B) the own price elasticity of market demand is high and the price elasticity of market supply is low. C) the own price elasticity of market demand is low and the price elasticity of market supply is high. D) the own price elasticity of market demand is low and the price elasticity of market supply is low.
An outward shift of an economy's production possibilities curve is caused by:
a. an increase in capital. b. an increase in labor. c. an advance in technology. d. all of these.
Purchasing power parity does not hold in the short to medium run because
A. countries produce different goods. B. exports don't equal imports. C. exchange rates fluctuate too much. D. most business cycles are caused by shocks to aggregate demand.