Investment spending is countercyclical
Indicate whether the statement is true or false
FALSE
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A Lorenz curve measures the ________ on the vertical axis
A) cumulative percentage of money income B) cumulative percentage of family wealth C) cumulative percentage of families D) demand of families on welfare
Answer the following statement(s) true (T) or false (F)
1. In the United States, the first law dealing with drinking water was passed in the 1920s. 2. The first Safe Drinking Water Act (SDWA) was passed in the 1970s. 3. The Safe Drinking Water Act Amendments of 1996 represent the law currently in force. 4. The Drinking Water State Revolving Fund (DWSRF) was established under the original Safe Drinking Water Act of 1974. 5. Under the American Recovery and Reinvestment Act, $2 billion was earmarked for the Drinking Water State Revolving Fund.
A key difference between accountants and economists is their different treatment of the cost of capital. Does this cause an accountant's estimate of total costs to be higher or lower than an economist's estimate? Explain
Exhibit 20-3 Money market demand and supply curves
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In Exhibit 20-3, assume an equilibrium with an interest rate of 15 percent and the money supply at $100 billion. The Fed uses its policy tools to move the economy to a new equilibrium at E2 with money supply of $150 billion and an interest rate of 10 percent. This change could be the result of a(n):
A. open market sale of securities by the Fed. B. higher discount rate set by the Fed. C. higher required-reserve ratio set by the Fed. D. open market purchase of securities by the Fed.