When the Federal Reserve acts as a lender of last resort, it is making sure that banks have the money they need to continue to operate.
Answer the following statement true (T) or false (F)
True
Banks in trouble can borrow from the Federal Reserve.
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Mia wants to buy a book. The economic perspective suggests that Mia will buy the book if the
A. marginal cost of the book is greater than or equal to its marginal benefit. B. marginal cost of the book is affordable for her. C. marginal benefit of the book is greater than zero. D. marginal benefit of the book is greater than or equal to its marginal cost.
According to the scenario above, in which of the following groups are all the people cyclically unemployed?
A) Jung B) Darrelo C) Jung and Rita D) Jung and Thorton E) Thorton
If Thelma's willingness to sell her homemade fudge is $4, then at which of the following prices would Thelma sell her fudge?
A. $2 B. $3.99 C. $4.01 D. Thelma would not sell her fudge at any of these prices.
The consumer price index (CPI) excludes all of the following goods and services except one. Which type of good is included in the CPI?
a. Raw materials b. Imported goods purchased by consumers c. Machinery purchased by firms d. Goods purchased by the government e. Intermediate goods