An insurance company offering both high-deductible and low-deductible plans is an example of:

In the market for reserves, when the federal funds interest rate is below the discount rate, the supply curve of reserves is

A) vertical. B) horizontal. C) positively sloped. D) negatively sloped.

For a small country with a closed economy, if the marginal propensity to save is equal to 0.2, then the spending multiplier indicates that a $10 exogenous increase in government spending will lead to a $20 increase in gross domestic product (GDP).

Answer the following statement true (T) or false (F)