Assume that when the price of good X is $7, quantity demanded is 25. When price is increased to $9, quantity demanded falls to 20. Based on this information, over the range in question demand is elastic

The interest rate that the Fed charges banks to borrow funds from the Fed is the

A) nominal interest rate. B) discount rate. C) federal funds rate. D) money market rate.

When the government borrows in the market, it

A. does not have to pay interest. B. is not required to pay back the entire principle. C. can get indefinite extensions on the loan. D. all of these answer options are correct. E. none of these answer options are correct.