The National Recovery Act:
a. largely redistributed rather than expanded incomes.
b. cut unemployment in half.
c. was declared unconstitutional by the Supreme Court.
d. Both a and b are correct.
e. Both a and c are correct.
e. Both a and c are correct.
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Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank. The interest rate on the loan is called the:
A. prime rate. B. federal funds rate. C. Treasury bill rate. D. discount rate.
Assume the CPI increases from 110 to 121, and Manny's nominal income increases from $100,000 to $120,000 over the same period. Manny's real income has
A. Decreased by approximately 8 percent. B. Increased by approximately 12 percent. C. Remained the same. D. Increased by approximately 9 percent.