The volume of loans that the Fed makes to banks is affected by the Fed's setting of the interest rate on these loans, called the
A) federal funds rate.
B) prime rate.
C) discount rate.
D) interbank rate.
C
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The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?
A) a fall in the price of a pound of coffee B) a rise in the price of a pound of coffee C) a fall in the price of a gallon of gasoline D) a rise in the price of a gallon of gasoline
Which of the following is an example of a fungible commodity?
A. Picasso paintings B. Houses C. Live concerts D. None of these is a fungible commodity.
Which of the following items are counted in M2?
a. stock mutual funds b. money-market mutual funds c. bond mutual funds d. all of the above
Twin studies are helpful in producing an unbiased estimate of the returns to schooling, because twins are likely to
A. work in the same occupation. B. earn comparable wages. C. work in the same industry. D. achieve the same amount of education. E. have similar abilities.