Some economic studies have shown that mandatory seat belt laws do not lead to a reduction in traffic fatalities
Indicate whether the statement is true or false
True
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In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, a decline in the reserve requirement ________ the ________ curve of reserves and causes the federal funds interest rate
to fall, everything else held constant. A) decreases; demand B) increases; demand C) increases; supply D) decreases; supply
What are the benefits and costs to a nation that participates in international trade? Do the benefits outweigh the costs or do the costs outweigh the benefits?
When persistent inflation is present, we would expect
a. borrowers to systematically gain at the expense of lenders. b. lenders to systematically gain at the expense of borrowers. c. nominal interest rates to be higher than would be true if prices were stable. d. nominal interest rates to be lower than real interest rates.
Cindy's Car Wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is
a. $100. b. $200. c. $300. d. $500.