Which of the following is true regarding the interest rate earned on the reserves that bank's keep at the Fed?
A) These reserves earn no interest.
B) It is relatively low.
C) It varies depending on the federal funds rate.
D) It is equal to the discount rate.
Ans: B) It is relatively low.
Economics
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Explain which of the following items are not consumption goods and services:
What will be an ideal response?
Economics
If the price of the output produced by a perfectly competitive firm increases, then:
a. the marginal-cost curve will shift up. b. the demand curve faced by the firm will shift to the left. c. marginal cost will fall as output declines. d. the marginal-revenue curve for the firm will shift up. e. the marginal-cost curve for the firm will shift down.
Economics