The discount rate is the interest rate charged by:
A. The Federal Reserve when it lends money to private banks.
B. A private bank when it lends money to another private bank.
C. A private bank when it lends money to commercial customers.
D. A regional Fed bank when it lends money to another regional Fed bank.
A. The Federal Reserve when it lends money to private banks.
Economics
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Invisible Hand Principle
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Economics
A monopolistic competitor is in long-run equilibrium when
A. price is greater than marginal cost. B. it is making positive profits or zero profits and price is greater than marginal cost. C. its average total cost curve is tangent to the demand curve at the profit-maximizing rate of output. D. it is making zero profits and price equals marginal cost.
Economics