________: the rate of exchange of pairs of consumption goods or services to leave utility or satisfaction unchanged
Fill in the blank(s) with correct word
Marginal Rate of Substitution
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An economic recession in the United States would shift the demand for foreign currencies outward, that is, increase demand
a. True b. False Indicate whether the statement is true or false
Steady state growth will occur according to Robert Solow when
A) y = k. B) y = n. C) kn = y. D) k = n.
Discretionary fiscal policy involves
a. expansion of government revenues during a period of rapid growth. b. contraction of government revenues during a recession. c. automatic adjustments that affect the size of the budget deficit or surplus. d. an intentional change in taxation or government spending. e. both a and b.
You may receive a margin call if
A. you have a long (buying) futures position and prices increase. B. you have a long (buying) futures position and prices decrease. C. you have a short (selling) futures position and prices decrease. D. Both A and C.