The rate of interest charged to commercial banks by the Fed for loans is called the ________ rate
A) discount B) commercial paper C) federal funds D) prime
A
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Tariffs
A. may be imposed either to raise revenue or to shield domestic producers from foreign competition. B. are excise taxes on goods exported abroad. C. are per-unit subsidies designed to promote exports. D. are also called import quotas.
Table 36-1Suppose the economy of Macroland is described by the following:C = 200 + 0.8 DI (DI = disposable income)I = 300 + 0.2Y?50r (Y = GDP)(r, the interest rate, is measured in percentage points. For example, a 9 percent interest rate is r = 9).For this economy, assume that the Federal Reserve uses its monetary policy to peg the interest rate atr = 5G = 750T = 0.25YX = 200M = 150 + 0.2YHint: DI = Y?T From Table 36-1, compute equilibrium GDP for Macroland.
A. 3,000 B. 2,950 C. 2,625 D. 2,525
If wages for accountants rose, then accountants' leisure time would have a lower opportunity cost
a. True b. False Indicate whether the statement is true or false
Scalping activity arises when
A. the prices of goods are restricted to levels below equilibrium prices. B. the quantities of goods demanded and supplied are allowed to adjust to their equilibrium levels. C. the prices of goods are restricted to levels above equilibrium prices. D. the prices of goods are allowed to adjust to their equilibrium levels.