In the market for magazines, the "income effect" means that

1 answer:

5 0

The income effect shows a change in someone or the economy's income and how it changes the quantity of a good or service. If one is making more, they are usually buying more of something. If someone is making less, they are often buying less of something.

In the market for magazines, the "income effect" means that if the price of a magian rises magazine readers will purchase less magazines.

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Select the correct answer. who makes decisions regarding changes in the discount rate? a. the president b. the board of governor

Taya2010 [7]

The correct answer is option B.

The board of governors make decisions regarding changes in the discount rate.

<h3><u>What is board of governors?</u></h3>

The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C.
It is governed by seven individuals, known as "governors," who are appointed by the American president and approved in their roles by the American senate.
In order to advance the objectives and carry out the duties assigned to the Federal Reserve by the Federal Reserve Act, the Board of Governors directs how the Federal Reserve System is run.
The FOMC, the section of the Federal Reserve that determines monetary policy, includes all of the Board members.
The periods of each member of the Board of Governors are staggered so that one term ends on January 31 of every even-numbered year. Each member is appointed to the position for a 14-year period.

When the Reserve Banks lend to depository institutions and others, as well as when they offer financial services to depository institutions and the federal government, the Board also offers general oversight, direction, and counseling.

Know more about board of governors with the help of the given link:

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1 year ago

A country has been in existence for only two years.

ozzi

Answer:

-1.0 million

Explanation:

the debt issued in the second year is equal to the sum of the excess of revenues over outlays

in year 1, debt = $1.0 million - $1.5 million = $-0.5 million

In year 2, debt = $1.5 million - $2.0 million = $-0.5 million

$-0.5 million + $-0.5 million = -1.0 million

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3 years ago

Costco and other big box price clubs charge a membership fee on top of the price of goods sold to members. This is an example of

Agata [3.3K]

Answer: Service Charge

Explanation: a service charge goes toward the day to day running costs of a company, used to cover things like building costs, insurance, employee compensation. It is how companies like Costco are able to pass along reduced price products to members.

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3 years ago

When did jurassic world come out

steposvetlana [31]

June 12 2k15

I loved that movie and watched it the first day

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2 years ago

How can taxes be used by the government to encourage or discourage the use of a

SVEN [57.7K]

Answer:

Taxes can be used to increase the price of producing or selling something which discourages firms from engaging in that activity.
If the government wants to encourage a particular activity, they could subsidize firms who engage in it.

For example there are extra taxes on cigarettes because the government sees them as harmful, these extra taxes increase the price of ciggarettes.

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2 years ago