When the Fed lowers the federal funds rate, which of the following economic variables responds most rapidly?
A) other short-term interest rates
B) consumption expenditure
C) the supply of loanable funds
D) the long-term real interest rate
E) the inflation rate
A
Economics
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If the exchange rate between the Russian ruble and the U.S. dollar is 33.3 rubles for $1, then how much is each ruble worth in U.S. dollars?
a) $0.03 b) $0.30 c) $0.33 d) $33.3
Economics
If demand is unit-elastic, then a $5 decrease in price will lead to an increase in quantity demanded by 5 units
a. True b. False Indicate whether the statement is true or false
Economics