Prices can achieve the rationing function when
A) prices are flexible.
B) prices are inflexible.
C) they are controlled by the government.
D) price controls are in place and ration coupons are used too.
Answer: A
Economics
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The federal funds rate is the interest rate that:
a. the government charges banks to borrow money b. the Fed charges banks to borrow money c. the federal government pays to borrow money d. federally chartered banks charge their customers for commercial loans. e. banks charge other banks for short-term loans.
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A decrease in the price of a foreign currency is represented graphically as
a. rightward movement along the demand curve for that currency b. an upward shift of the demand curve c. a downward shift of the demand curve d. a horizontal line e. a vertical line
Economics