Different banks:
A. all offer loans at the same interest rate.
B. may offer loans at different rates.
C. are mandated to follow the Fed's set interest rate.
D. never offer loans at exactly the same rates.
Answer: B
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Suppose that the economy is in a position of short-run equilibrium at a point where real GDP is below the full-employment level. Assuming no further change in aggregate demand and self-correction, the movement to a new long-run equilibrium includes a decrease in which of the following? a. The unemployment rate
b. The price level (CPI). c. The level of nominal wages and salaries. d. All of the above.
Which of the following are benefits created by the immigrants?
a. Increase in educational expenditures on public schools for their children b. Increase in the wages of unskilled laborers c. Reduction in costs for some firms d. Increased expenditures on health care for illegal immigrants at emergency clinics and hospitals e. Increase in the wages of skilled workers