Factors which determine the price of corn would be studied in macroeconomics
a. True
b. False
Indicate whether the statement is true or false
False
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The rate of interest charged by the Federal Reserve to member banks for reserves borrowed from the Fed is the
A. federal funds rate.
B. discount rate.
C. repurchase rate.
D. Q-ceiling rate.
Under fixed rates, which one of the following statements is the MOST accurate?
A) Monetary policy can affect only output. B) Monetary policy can affect only employment. C) Monetary policy can affect only international reserves. D) Monetary policy can not affect international reserves. E) Monetary policy can only affect money supply.
In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly educational degree is used as a signaling device, all else equal, an increase in the wage differential between high- and low-skill workers leads to
A) an increase in the required minimum share of high-skill workers. B) a decrease in the required minimum share of high-skill workers. C) no change in the required minimum share of high-skill workers. D) None of the above answers are correct.
The consumer price index is a measure of
A) the lowest prices paid by urban consumers for a fixed basket of consumer goods and services. B) the commodity prices paid by urban consumers for a fixed basket of consumer goods and services. C) the average of the prices paid by urban consumers for a fixed basket of consumer goods and services. D) the consumer prices paid by average households for a fixed basket of goods and services. E) the average of the prices paid by rural consumers for a fixed basket of consumer goods and services.