The discount rate is the rate of interest at which:
A. Federal Reserve Banks lend to commercial banks.
B. savings and loan associations lend to some builders.
C. Federal Reserve Banks lend to large corporations.
D. commercial banks lend to large corporations.
A. Federal Reserve Banks lend to commercial banks.
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Explain how low-skilled workers might actually be made worse off from a minimum wage law in terms of working conditions and job training. In addition, what might be the long-run impact on wages and earnings?
What will be an ideal response?
Which of the following is not something that John Maynard Keynes used to describe an economist? a. He must be a mathematician, historian, statesman, and philosopher in some degree. b. He must understand symbols and speak in words
c. He must only contemplate in abstract and general terms. d. He must study the present in light of the past for purposes of the future.