In the short run, when the Fed increases the nominal interest rate, the real interest rate
A) permanently falls.
B) does not change.
C) permanently rises.
D) temporarily rises.
E) temporarily falls.
D
Economics
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Modern U.S. commercial banks perform all of the following functions EXCEPT
A) accept checking deposits. B) issue paper currency. C) make loans to households and business firms. D) accept savings deposits.
Economics
Which of the following statements is consistent with an increase in supply?
A) The price of labor input has increased. B) There has been an advance in technology. C) Consumers' incomes have increased. D) The market price has decreased.
Economics