Question

1.
QUESTION 9.1 POINT Which of the following is not an example of an economic model Select the correct answer below: the product
2.
QUESTION 10 . 1 POINT Which of the following are considered financial intermediaries Select the correct answer below: insuran
3.
Suppose that the economy is producing at its potential level of output and full employment. An economic stimulus which includ
4.
As a lender of last resort, the Federal Reserve can extend loans to commercial banks at an interest rate called Select the co
5.
QUESTION 13 1 POINT In POW camps during WW2, prisoners used cigarettes in payment for goods and services. This is an example
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Answer #1

1. The answer is c) market price of a good

(Market price is the outcome of an economic model and not necessarily the model/framework as shown by ther options)

2. The answer is d) all of the above

(A financial intermediary is an entity which performs the duty of amiddleman between two parties in a financial transaction)

3. The answer is b) raise inflationary pressure

(Due to stimulus the economy will achieve above full employment level which will create inflationary pressure due to higher demand than supply)

4. The answer is c) the discount rate

(The discount rate is higher than the primary credit rate)

5. The answer is c) commodity money'

(Here all goods are sold in terms of a commodity, viz cigarette)

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