To combat the financial crisis and recession which began in 2007, governments worldwide made it:
A. easier for firms and households to borrow money for investment and consumer goods.
B. easier for other countries to borrow money for infrastructure projects.
C. easier for firms to pay their taxes by providing a tax amnesty.
D. easier for workers to purchase health insurance through their employers.
Answer: A
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A firm that buys foreign exchange in order to take advantage of higher foreign interest rates is
A) speculating. B) demonstrating purchasing power parity. C) engaging in interest rate arbitrage. D) responding to fluctuations in the business cycle. E) ignoring the nominal rate of exchange.
At the short-run break-even point, the perfectly competitive firm is
A) earning positive economic profits. B) earning zero economic profits. C) earning negative economic profits. D) just covering its total variable costs.
If the t statistic for the presence of a unit root in a variable is ?7.22 and the 5% critical value is ?2.86, there is strong evidence against a unit root in the variable.
Answer the following statement true (T) or false (F)
You would expect the price of a share of stock to rise if
A. the price level was declining. B. the expected dividend of the stock rose. C. the economy went into recession. D. interest rates rise.