The rate of interest charged for reserves in the federal funds market is the
A) federal funds rate.
B) open market rate.
C) required reserve rate
D) discount rate.
Ans: A) federal funds rate.
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If the price of Coca-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the value of the price elasticity of demand for Coca-Cola is:
A. unit elastic. B. elastic. C. inelastic. D. perfectly inelastic. E. perfectly elastic.
The long-run aggregate supply curve will shift to the left when
A) technology improves. B) new sources of oil are discovered. C) the price level increases. D) population decreases.
Unemployment insurance reduces the incentive for the unemployed to find and take new jobs
a. True b. False Indicate whether the statement is true or false
In a debate on the state of the economy Senator X pointed out that the unemployment rates for teenagers, blacks, and hispanics had increased over the last year, while Senator Y stated that the unemployment rate in the United States was at its lowest level in more than 30 years. In this example, aggregate data is being used by:
A. both senators. B. Senator X. C. neither senators. D. Senator Y.