An increase in the discount rate ________ bank reserves and ________ the money supply if banks with outstanding loans are encouraged to pay them back more quickly

Traffic congestion represents

a. A positive network externality b. A negative network externality c. A Bandwagon effect d. Neither a positive nor a negative externality snob effect; congestion

For a corporation, issuing bonds is riskier than issuing stock.

Answer the following statement true (T) or false (F)