The Federal Reserve is prohibited from lending money to banks and thrifts.
Answer the following statement true (T) or false (F)
False
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Refer to Figure 4-7. The figure above represents the market for iced tea. Assume that this is a competitive market. If the price of iced tea is $3, what changes in the market would result in an economically efficient output?
A) The quantity supplied would decrease, the quantity demanded would increase, and the equilibrium price would decrease. B) The price would decrease, quantity demanded would increase, and quantity supplied would decrease. C) The price would decrease, the quantity supplied would increase, and the quantity demanded would decrease. D) The price would decrease, the demand would increase, and the supply would decrease.
Studies of data support the view that higher levels of education are associated with higher levels of real
a. interest rates. b. per capita GDP. c. price inflation. d. income decline.
Other things constant, an increase in the demand for motorcycles will
a. decrease the price of motorcycles. b. decrease the quantity of motorcycles bought and sold. c. decrease the demand for motorcycle workers and lower their wages. d. increase the demand for motorcycle workers and increase their wages.
One major difference between a debit card and a credit card is:
A. the debit card has lower minimum monthly payments. B. debit cards have no late fees. C. only the debit card helps you to build a credit history. D. you do not need to actually have the funds in your account when you use a debit card.