Monetarists believe that ______________ are the principal causes of economic instability.
Fill in the blank(s) with the appropriate word(s).
either policy activism, or fluctuations in the growth of the money supply
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When Italy buys Boeing jets, the price Italy pays is ________ if it produced its own jets and the price Boeing receives is ________ than it could receive from an additional U.S. buyer
A) lower than; lower B) higher than; higher C) lower than; higher D) higher than; lower E) the same as; higher
An actuarially fair return means
A. returns on investments are indexed to the stock market. B. returns on investments have to be positive. C. benefits received, on average, would be equal to the premiums paid. D. premiums for insurance are generally paid by the government.
The most important indirect taxes in the United States are
a. federal and state income taxes. b. inheritance taxes. c. corporate profits taxes. d. sales and property taxes.
Agencies exist which rate bonds based on characteristics of the borrower. Such bond rating agencies are an example of a financial market response designed to:
A. transfer risk from the buyer to the rating agency. B. decrease the real return to bondholders. C. provide a lower cost solution to the high cost of information. D. increase information asymmetry.