The opportunity cost of holding excess reserves is the federal funds rate
A) minus the discount rate.
B) plus the discount rate.
C) plus the interest rate paid on excess reserves.
D) minus the interest rate paid on excess reserves.
D
Economics
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The downward-sloping aggregate demand curve is partly due to the:
A. positive relationship between the price level and government spending. B. positive relationship between the price level and net exports. C. negative relationship between the price level and net exports. D. negative relationship between the price level and government spending.
Economics
Social indifference curves are the same as a Social Welfare Function.
A. True B. False C. Uncertain
Economics