Transfer payments are:
A. spending that transfers resources from the government to individuals.
B. payments that individuals make to the government.
C. when individuals transfer stock ownership in lieu of payment with cash or other liquid assets.
D. when individuals transfer cash for payments of a good or service.
A. spending that transfers resources from the government to individuals.
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When the federal funds rate equals the interest rate paid on excess reserves
A) the supply curve of reserves is vertical. B) the supply curve of reserves is horizontal. C) the demand curve for reserves is vertical. D) the demand curve for reserves is horizontal.
In a graph of a firm's short-run total costs and total revenue, the total cost and the total revenue curves, respectively, will intersect the vertical axis
A) above the origin, above the origin. B) above the origin, at the origin. C) at the origin, at the origin. D) below the origin, below the origin.