When the federal funds rate equals the interest rate paid on excess reserves
A) the supply curve of reserves is vertical.
B) the supply curve of reserves is horizontal.
C) the demand curve for reserves is vertical.
D) the demand curve for reserves is horizontal.
D
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When the Fed buys bonds on a mass scale
A) bonds go to the Fed, and dollars go into the banking system, so the money supply tends to rise. B) bonds go to the Fed, and dollars exit the banking system, so the money supply tends to fall. C) banks have more bonds and fewer dollars, so the money supply tends to fall. D) banks have more bonds and fewer dollars, so the money supply tends to rise.
The United States has developed a comparative advantage in film production due to the film industry being long-established in southern California, and lower costs result from the size of the industry in the area
This source of comparative advantage is referred to as A) external economies. B) best practices of unskilled labor. C) superior process technology. D) the abundance of natural resources.
________ would likely oppose policies that allowed foreign workers to immigrate more freely
A) Domestic labor B) Domestic capital C) Both domestic labor and capital D) Neither domestic labor nor capital
In which year was our misery index the lowest?
A. 1953 B. 1973 C. 1978 D. 1981