Which of the following features was prominent in the airline industry during the 1950s?
a. The airlines had to concentrate on cost reduction.
b. The airlines had to lower the frequency of flights to meet rising costs.
c. The airlines served food prepared by their own employees or by other airlines.
d. The airlines industry was revolutionized by low-cost budget airlines.
C
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If Veronica withdraws $1,500 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) increase; decrease B) increase; not change C) not change; decrease D) not change; not change
Changes in the federal funds rate usually result in
A) changes in both short-term and long-term interest rates with more of an effect on short-term interest rates. B) changes in both short-term and long-term interest rates with equal effect on both. C) changes in both short-term and long-term interest rates with more of an effect on long-term interest rates. D) no change in either short-term or long-term interest rates.