Which of the following contributed to the crisis of 2008?
a. a doubling of the price of imported oil during 2007-2008
b. a sharp increase in the price of housing during 2008
c. inclement weather in 2008
d. falling resource prices and a reduction in the cost of production
A
Economics
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If the firm hires more labor, everything else held constant, then
A) the marginal product of labor falls. B) output decreases. C) there is an increase in the marginal product of labor. D) total factor productivity falls.
Economics
Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank. The interest rate on the loan is called the ________.
A. Treasury bill rate B. discount rate C. federal funds rate D. prime rate
Economics