The incentive of holding excess reserves is equal to
A) the federal funds rate. B) the interest rate earned on excess reserves.
C) the discount rate. D) none of the above.
B
Economics
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A monopoly is
A) a price taker. B) able to ignore the demand for its product when setting its price. C) able to set the price for its product. D) able to earn only a normal profit in the long run. E) a firm with no marginal revenue curve.
Economics
Paul Samuelson is immensely famous among economists for having established the supply-side school of economics
Indicate whether the statement is true or false
Economics