The market in which banks borrow from other banks for short periods of time is the
a. discount market
b. federal funds market
c. interbank loan market
d. national bank market
e. liquidity market
B
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Refer to the table above. Which of the following statements is true?
A) There is a surplus of 10 notebooks in the market when the price of one notebook is $8. B) There is a shortage of 4 notebooks in the market when the price of one notebook is $6. C) There is a shortage of 12 notebooks in the market when the price of one notebook is $4. D) There is a surplus of 4 notebooks in the market when the price of one notebook is $5.
Who officially determines whether the economy is in a recession or expansion?
A) The president of the United States B) The U.S. Congress C) The Federal Reserve Board of Governors D) The National Bureau of Economic Research
The effects of tax incentive programs such as IRAs and 401(k) accounts suggest that these government programs designed to increase saving lead to ________ in the private capital stock
A) virtually no change B) a slight decrease C) a slight increase D) a significant increase
When a U.S. firm engages in outsourcing, it benefits ________ and harms ________.
A. the U.S. consumers of the firm's products; the firm's U.S. employees B. the U.S. consumers of the firm's products; the firm's foreign employees C. the U.S. consumers of the firm's products; the firm D. the firm; the U.S. consumers of the firm's products