Between 1981 and 2015, the overall mortality rate in the United States
A) decreased by more than 25 percent.
B) slowly but steadily increased.
C) remained fairly constant.
D) was similar to the average rate in most low-income countries.
Answer: A
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What impact does monetary policy have on the long-run Phillips curve?
A) Monetary policy shifts the long-run Phillips curve to the right or left, depending on whether monetary policy is expansionary or contractionary. B) Monetary policy can only shift the long-run Phillips curve to the right. C) Monetary policy can only shift the long-run Phillips curve to the left. D) Monetary policy has no impact on the long-run Phillips curve.
A person buys a newly issued bond that matures in 6 years with a face value of $1,000 and a coupon rate of 2.5%. How much money will the bondholder receive in the sixth year?
A. $1,025. B. $1,250. C. $1,000. D. $25. E. $975.
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85?
A. $325 B. $5,500 C. $1,175 D. $2,750
Briefly discuss the shortcomings of environmental command-and-control regulations