A bank finds itself short of required reserves and therefore borrows from another commercial bank. The interest rate on this loan is:
a. zero
b. the prime rate.
c. the discount rate.
d. the federal funds rate.
e. the required reserve ratio.
d
Economics
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Output, including agricultural products, has increased at a geometric rate, not at the much slower arithmetic rate foreseen by Malthus.
Answer the following statement true (T) or false (F)
Economics
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Economics