The rate at which the Fed lends money to banks is
a. the prime rate.
b. fixed at 4%.
c. the federal funds rate.
d. the discount rate.
d
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Which of the following events shifts the aggregate demand curve leftward?
A) an increase in consumption expenditures B) a decrease in taxes C) a decrease in government expenditures on goods and services D) an increase in net exports of goods and services
Which of the following is NOT a basic assumption of the "Lucas" model?
A) slow adjustment of wages and prices B) rational expectations C) imperfect information D) market-clearing
The loss of total market share of steel in the world market for steel can be blamed on steel producers' decisions to not adopt the latest steel technology
The producers in other countries that adopted it gained market share at the expense of the U.S. Indicate whether the statement is true or false
If Ann's utility function is U = W0.5, and she invests in a business which can yield $6,400 with probability 1/5, and $3600 with probability 4/5, then her risk premium to avoid bearing this risk is
A) $36. B) $41.6. C) $64. D) $100.