An increase in shipments of currency from the Federal Reserve to commercial banks will

If the price elasticity of demand for opera tickets in Orlando is 1.00, then the demand for opera tickets in Orlando is

A) unit elastic. B) elastic. C) perfectly inelastic. D) inelastic. E) perfectly elastic.

In a supply-and-demand graph for the Federal funds market, the demand curve is downward-sloping because:

A. Higher rates give banks less incentive to lend to other banks B. Higher rates give banks more incentive to borrow reserves C. Lower rate give banks less incentive to borrow reserves D. Lower rates give banks more incentive to borrow reserves