The Bureau of Consumer Financial Protection was created in 2010 to become part of the:
A. U.S. Treasury Department
B. Federal Reserve System
C. Department of Commerce
D. Office of the President
B. Federal Reserve System
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Indexation is designed to
A) moderate the costs of inflation, not inflation itself. B) rapidly reduce inflation. C) reduce the natural rate of unemployment. D) rapidly reduce inflationary expectations.
Assume that the utility function of an individual is represented as U = ?W - 0.001W; where W (his present wealth) = $250,000 . He considers investing in a gamble which would double his wealth if he wins but still leave him with $250,000 if he loses. Given that his probability of winning is 0.6, calculate his expected utility of taking the bet
a. 157 units b. 250 units c. 207.11 units d. 224.3 units
Suddenly large number of tourists from Brazil start coming to Florida. What will this do to the U.S. exchange rate between the U.S. dollar and the Brazilian peso?
a. The U.S. dollar’s exchange rate will appreciate. b. The U.S. dollar’s exchange rate will depreciate. c. The Brazilian peso will appreciate. d. The exchange rates will not change.
Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, in the labor market for health care employees the equilibrium wage
a. increases, and the equilibrium quantity of labor increases. b. increases, and the equilibrium quantity of labor decreases. c. decreases, and the equilibrium quantity of labor increases. d. decreases, and the equilibrium quantity of labor decreases.