The discount window is a:
A. lending facility that allows any bank to borrow reserves from the Fed.
B. lending facility that banks can use at specified times to borrow reserves needed to meet reserve requirements.
C. term used for large banking transactions that are associated with lower risk, and therefore qualify for lower interest rates.
D. term used for when large banks offer a lower interest rate for attracting more borrowers.
A. lending facility that allows any bank to borrow reserves from the Fed.
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Which one of the following statements best describes a price ceiling?
a. A price ceiling causes demand to change. b. A price ceiling causes supply to change. c. A price ceiling keeps a price from rising above a certain level. d. A price ceiling keeps a price from falling below a certain level.
The price index was 120 in 2012 and 126 in 2013 . What was the inflation rate?
a. 5.0 percent b. 6.0 percent c. 7.2 percent d. 105 percent
Geometrically, the marginal product
A. is the slope of the average product curve. B. is the slope of the line joining the origin to the corresponding point on the total product curve. C. is that point at which the total product curve exhibits diminishing returns. D. at any point is the slope of the total product curve at that point.
Which of the following best describes the relationship between market transactions and the ultimatum and dictator games?
A. Market transactions operate more like the ultimatum game than the dictator game. B. Market transactions operate more like the dictator game than the ultimatum game. C. The ultimatum and dictator games both provide good representations of how market transactions work. D. Neither the ultimatum game nor the dictator game bears much similarity to market transactions.