Under the new discount window system, the interest rate for primary credit loans is set
A) one percentage point below the federal funds rate target.
B) one percentage point above the federal funds rate target.
C) two percentage points above the federal funds rate target.
D) two percentage points below the federal funds rate target.
B
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Which of the following does a social planner necessarily need to know to restore efficiency in a monopoly market?
A) The monopolist's marginal costs only B) The buyers' demand for a close substitute of the product sold in the market C) The monopolist's marginal revenue and the tax levied on the sale of the good D) The monopolist's marginal costs and the buyers' willingness to pay for the good
The opportunity cost of attending college is
A) the money one spends on college tuition, books, and so forth. B) the highest valued alternative one forfeits to attend college. C) the least valued alternative one forfeits to attend college. D) equal to the salary one will earn when one graduates from college.