What does a point inside the curve of a PPC indicate?
a. all resources are fully employed
b. not all resources are fully employed
c. employees are stealing
d. workers have sabotaged machinery
Ans: b. not all resources are fully employed
Economics
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Explain the difference between macroeconomics and microeconomics. Give examples of each.
What will be an ideal response?
Economics
If the Fed decreases the discount? rate, relative to the federal funds? rate, then this
a. would cause the money supply to decrease. b. would cause the required reserve ratio to increase. c. would decrease the cost of funds for institutions borrowing from the Fed. d. would increase the cost of funds for institutions borrowing from the Fed.
Economics