A limitation of the discount rate as a policy tool is that the initiative for its use rests with
A) commercial banks.
B) consumers.
C) the U.S. Treasury.
D) state governments.
A
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According to the classical model, desired saving is
A) affected by the money illusion at low income levels. B) identical to the demand for saving at each level of real GDP. C) a function of real GDP. D) equal to desired investment.
Compared with a firm in a perfectly competitive market, the demand curve faced by a monopolistically competitive firm is
A) more elastic. B) more inelastic. C) perfectly elastic. D) perfectly inelastic.
A former senator remarked that "We cannot give anyone the option of polluting for a fee.". Do most economists agree with this statement, or do they disagree with it?
In the absence of laws requiring individuals to purchase insurance, insurance is most attractive to:
A. those with lowest likelihood of filing a claim. B. the poor. C. the wealthy. D. those with the highest likelihood of filing a claim.