If the federal funds rate is __________ the equilibrium interest rate, banks would try to __________ in the federal funds market
A) above; borrow
B) below; lend
C) below; borrow
D) None of the above.
C
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Rent controls are most often designed to protect the investment made by apartment building owners.
Answer the following statement true (T) or false (F)
If the average total cost of producing 20 sweaters an hour falls when the firm doubles all its inputs, then the
A) short-run average total cost curve shifts upward because all inputs have increased. B) firm moves along its short-run average total cost curve. C) firm experiences economies of scale. D) long-run average cost curve shifts downward.
Pension plans in which employer contributions are set by the plan and benefits depend on the performance of the assets in the plan is called a
A) defined benefit plan. B) defined contribution plan. C) a fully vested plan. D) an unfunded plan.
Empirical evidence suggests that the federal budget has remained more or less in surplus between 1990 and 2002
a. True b. False Indicate whether the statement is true or false