If the federal funds rate ________.
A. decreases, the prime rate will not change
B. increases, the prime rate will decrease
C. increases, the prime rate will increase
D. decreases, the prime rate will increase
Answer: C
Economics
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The United States is an example of a mixed economy.
Answer the following statement true (T) or false (F)
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Which of the following is the best example of a perfectly competitive industry?
A) steel production B) airplane production C) wheat production D) electricity production
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Complete Milton Friedman's famous proposition: "Inflation is always and everywhere a ________ phenomenon."
A) monetary B) political C) policy D) budgetary
Economics
If two goods are complementary, the cross elasticity will be negative
Indicate whether the statement is true or false
Economics