Refer to the diagram for the federal funds market. The equilibrium federal funds rate:
A. depends on the supply of federal funds (reserves).
B. is 3.0 percent.
C. is 3.5 percent.
D. is 4.0 percent.
A. depends on the supply of federal funds (reserves).
Economics
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Assuming that Yd = $20,000 and C = $22,000, we would find that the average propensity to consume would be equal to
A) 0.8. B) 1.8. C) 1.1. D) 0.9.
Economics
In the above figure, the shift in the demand curve from D to D2 can be the result of
A) an increase in the price of soda, a complement to pizza. B) a decrease in the supply of pizza that raises the price of pizza. C) an increase in income if pizza is a normal good. D) a change in quantity demanded. E) an increase in the price of a sub sandwich, a substitute for pizza.
Economics