Fixed fee contracts are desirable when there is little uncertainty regarding the output
a. True b. False
a
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Along with currency not in banks and deposits in checking accounts, what is another component of the M1 measure of money?
A) traveler's checks B) debit cards C) credit cards D) prepaid accounts
Policymakers often use the natural rate of unemployment as a basis in policy formulations
Indicate whether the statement is true or false
An investor wishing to minimize the risk of capital losses as a result of changing interest rates should avoid
A) U.S. savings bonds. B) U.S. Treasury notes. C) U.S. Treasury bills. D) U.S. Treasury bonds.
When economists assume that people act rationally, it means they: a. make decisions based on complete and accurate information
b. make decisions that will not be regretted later on. c. make decisions based on what they believe is best for themselves using available information. d. make decisions based solely on what is best for society.