Cost-benefit analysis is a relatively new tool developed and used first by NASA.
A. True
B. False
C. Uncertain
B. False
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Use the above figure. This graph is known as
A) the Laffer curve. B) the short-run Phillips curve. C) the NAIRU relationship. D) the Keynesian curve.
If a bank has $50,000 in excess reserves at the end of a business day and the required reserve ratio is 20 percent, the bank can increase its profits by: a. keeping the excess reserves
b. loaning out $40,000. c. loaning out $50,000 to another bank. d. borrowing $50,000 to remove the excess reserves. e. keeping $10,000 and depositing $40,000 with the Fed.
Consider the following payoff matrix facing two criminals. A: ConfessA: Not ConfessB: ConfessA: 20yrs, B: 20yrsA: 50yrs, B: 2yrsB: Not ConfessA: 2yrs, B: 50yrsA: 10yrs, B: 10yrsTheir options are to confess or not to confess. Given this information:
A. A has a dominant strategy but B does not. B. B has a dominant strategy but A does not. C. both A and B have dominant strategies. D. neither A nor B has a dominant strategy.
Opponents of using the inflation tax to finance government budget deficits argue that:
A. the economic slowdown produced by the inflation tax is more damaging than the hyperinflation that would occur in the absence of the inflation tax. B. inflation is ultimately beneficial in the long run. C. the government can raise taxes to eliminate any budget deficit. D. the inflation tax is a temporary solution that requires ever higher levels of inflation to remain effective.