Much of the credit for prevention of a financial market meltdown after "Black Monday" (October 19, 1987 ) must be given to the Federal Reserve System and then-chairman

When economists say that an interest rate is compounding, they imply that:

A) the rate of interest decreases every year. B) the rate of interest increases every year. C) interest is being earned on interest. D) double the interest payment is received every two years.

The amount of time an individual is willing to sell on the labor market varies positively with the value of leisure time

a. True b. False