The interest rate that commercial banks charge each other for very short-term loans is called the:

Explain whether the following are examples of externalities

a. Alisha did not sleep well because her neighbor was playing loud music. b. Rochelle was late for a job interview because her alarm did not go off. c. José, who is allergic to pollen, is sick from the flowers that grow in his garden.

Suppose there is a high inequality in household income between the highest and the lowest income groups in one country. In response, the government raises the income tax for the highest income group and provides subsidies to the lowest-income group

What would happen to the Lorenz curve as a result of the government programs? Explain.