When Bank A obtains a loan from the Fed, the
A) discount rate is probably higher than the federal funds rate.
B) bank's reserves increase.
C) simple deposit multiplier decreases.
D) b and c
E) none of the above
B
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An example of technological development is to increase output through
a. raising pay. b. working longer hours. c. hiring more workers. d. using better machines.
Which of the following is not associated with more inelastic demand?
a. a limited amount of time for consumers to respond to a price change b. availability of many close substitutes c. large percentage of income spent on the good in question d. Neither b. or c. is associated with more inelastic demand
Describe the difference between the employment rate and the labor force participation rate (LFPR). Under what circumstance would the two be equal to one another?
A group of producers that agree to coordinate their production is called a
A) cartel. B) monopoly. C) free market competition. D) vertical merger.