Lowering the discount rate has the effect of:
A. Turning required into excess reserves
B. Turning excess into required reserves
C. Making it less expensive for commercial banks to borrow from central banks
D. Forcing commercial banks to call in outstanding loans from their best customers
C. Making it less expensive for commercial banks to borrow from central banks
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What distinguishes a new media from the old media?
A network effect exists whenever
A) a firm's willingness to produce a particular good or service is influenced by the costs of inputs it must utilize in order to manufacture the item. B) a consumer?s willingness to purchase a particular good or service is influenced by how many others also buy or have bought the item. C) a firm's willingness to purchase a particular factor of production depends on the other types of inputs it utilizes to manufacture an item. D) a consumer's willingness to purchase a particular good or service is influenced by the prices of other complementary or substitute items.
Which of the following is not a final good or service?
A. The salsa you use while watching football on the weekend. B. A notebook for your college courses C. A gallon of milk for your breakfast cereal D. The cheese on the pizza you bought from Domino's
A monopolist produces in the elastic segment of its demand curve because when it lowers the price
A) the percentage change increase in quantity demanded is greater than the percentage change decrease in price and total revenue increases. B) the percentage change increase in quantity demanded is less than the percentage change decrease in price and total revenue increases. C) the percentage change increase in quantity demanded is greater than the percentage change decrease in price and total revenue decreases. D) the percentage change decrease in quantity demanded is less than the percentage change decrease in price and total revenue increases.