If an indifference curve is a straight line it will not show which of the following?
A) any marginal rate of substitution
B) diminishing marginal rate of substitution
C) combinations of goods among which a consumer is indifferent
D) None of the above answers is correct.
B
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As the price level falls and other things remain the same, real wealth ________ and ________
A) decreases; the short-run aggregate supply decreases B) decreases; the quantity of real GDP demanded decreases C) increases; aggregate demand increases D) increases; the quantity of real GDP demanded increases
The discount rate is the interest rate that: a. banks charge on large loans
b. banks charge on loans to other banks. c. the Fed charges on loans to branches of the U.S. government. d. the Fed charges on loans to depository institutions. e. the Fed charges on loans to the public.