The U.S. market for interbank borrowing and lending is called the:
a. Primary market.
b. Secondary market.
c. Money market.
d. Eurodollar market.
e. Federal funds markets.
.E
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The above figure shows the market for steel ingots. If the market is competitive, then
A) the socially optimal quantity of steel is zero. B) the socially optimal quantity of steel of 50 units is produced. C) the socially optimal quantity of steel of 100 units is produced. D) more than the socially optimal quantity of 50 units of steel is produced.
When the economy is in an inflationary gap, the labor market is experiencing a _____________. In a self-regulating economy, wage rates will then ___________ and the ______________ curve will shift __________________
A) shortage; rise; SRAS; leftward B) shortage; fall; SRAS; leftward C) surplus; rise; AD; rightward D) shortage; fall; AD; rightward E) surplus; fall; SRAS; rightward