__________ is starting to challenge the United States regarding the reputation of being a top throwaway society or of being a heavy consumer society

____ is the rate that applies when banks borrow and lend reserves to one another

a. The repo rate b. The discount rate c. The coupon rate d. The federal fund rate

Higher interest rates will, all else equal:

A. increase the extraction cost of a resource. B. increase the user cost of extracting a resource. C. reduce the user cost of extracting a resource. D. have no impact on either the user cost or extraction cost of a resource.