When the price of a good rises, the resulting change in quantity demanded due solely to the decline in your income's purchasing power is called the

The interest rate on U.S. government securities is often called the

a. prime rate b. public discount c. riskless rate d. superior rate e. universal discount

If the dollar-pound exchange rate is $1.00 per pound, then a shirt priced at 25 pounds will cost an American

a. $25 b. $50 c. $26 d. $27 e. an amount that cannot be calculated without additional information.