Under the new discount window system, the interest rate for primary credit loans is set
A) one percentage point below the federal funds rate target.
B) one percentage point above the federal funds rate target.
C) two percentage points above the federal funds rate target.
D) two percentage points below the federal funds rate target.
B
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Quotas that entirely eliminate trade in a certain product or a number of products are known as
A) export tariffs. B) deadweight. C) ultimate tariffs. D) embargoes.
Airlines charge a ____________ to business travelers compared to leisure travelers because business travelers have a ____________ demand than leisure travelers
a. Higher; more elastic b. Higher; less elastic c. Lower; more elastic d. Lower; less elastic
When the value of a payment is adjusted in proportion to changes in the CPI, economists refer to that as
a. nominalization b. realization c. indexation d. stabilization e. depreciation
If real GDP is greater than planned aggregate spending:
A. real GDP will fall. B. unplanned inventory investment is negative. C. real GDP will rise. D. the economy is in equilibrium.