Which of the following statements concerning seasonal credit is true?
A) It tends to have a lower interest rate than federal funds.
B) It has become increasingly more important in recent years.
C) Only firms receiving secondary credit are eligible to receive seasonal credit.
D) Improvements in credit markets have reduced the need for a seasonal credit facility.
D
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What are the two ways that the government can use fiscal policy to replace spending in a recession?
A. By reducing interest rates or by cutting taxes B. By spending money on government projects or by increasing the money supply C. By spending money on government projects or by cutting taxes D. By spending money on government projects or by reducing interest rates
The marginal revenue product of an hour of labor used in steel production is equal to
a. its marginal physical product times the hourly wage rate. b. its marginal physical product times the price of steel. c. the hourly wage rate. d. its marginal physical product divided by the price of steel.