The federal funds market is the market where:
a. the federal government borrows money from banks to finance the national debt.
b. the federal government lends money to commercial banks.
c. banks borrow money from other banks for short periods of time.
d. banks borrow money from the Fed for short periods of time.
e. banks borrow money from the Treasury for long periods of time.
c
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Using the data in the above table, the labor force is
A) 140.0 million. B) 152.1 million. C) 154.2 million. D) 250.0 million. E) 127.9 million.
How do high marginal tax rates influence the growth and prosperity of countries? What type of tax policy is needed to foster economic efficiency and growth?
Gerald spends his weekly income on gin and cocktail olives. The price of gin has risen from $7 to $9 per bottle, the price of cocktail olives has fallen from $6 to $5 per jar, and Gerald's income has stayed fixed at $46 per week. Since the price changes, Gerald has been buying 4 bottles of gin and 2 jars of cocktail olives per week. At the original prices, 4 bottles of gin and 2 jars of cocktail
olives would have a. exactly exhausted his income. b. cost more than his income. c. cost less than his income. d. could have maximized his satisfaction given his budget constraint.
A concentration ratio indicates the sales of the largest firms in an industry as a percentage of the ______ for that industry.
a. total costs b. marginal revenue c. total sales d. equilibrium quantity