Refer to Figure 15-17. You are a member of a student government and are asked to recommend a price for the course and you argue: I think the college should charge a price so that it just breaks even on the course.
How much profit (or loss) will the college make on the course if it charges this price?
A) -2,592,000 B) -1,080,000 C) 0 D) 450,000
Question 2
Which of the following will lead to a decrease in the equilibrium interest rate in the economy?
A) a decrease in GDP
B) an increase in the reserve requirement
C) an increase in the price level
D) a sale of government securities by the Fed
E) an increase in the discount rate
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Statuette of a Male Figure