The Federal Reserve makes decisions regarding:
A. monetary and fiscal policy.
B. fiscal policy only.
C. structural policy only.
D. monetary policy only.
Answer: D
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Albert and Betty hire Christine and David to play music at their wedding. Elizabeth, who lives behind the church, cannot study because of the loud music. The third party is
a. Albert b. Betty c. Christine d. David e. Elizabeth
The aggregate demand curve slopes downward indicating that
a. an increase in the general price level will reduce the aggregate quantity of goods and services demanded. b. an increase in the general price level will increase the aggregate quantity of goods and services demanded. c. a change in the interest rate will alter the aggregate quantity of goods and services demanded. d. consumers substitute between domestic-made and foreign-made goods as their relative prices change.
You are given the following information about the economy: the nominal interest rate = 8 percent, and the real rate of interest = 6 percent. The inflation premium is
A. 2 percent. B. 6 percent. C. 8 percent. D. 14 percent.
Which emotion may decrease the endowment effect, causing an owner of a good to lower his or her selling price?
A. Anger. B. Disgust. C. Happiness. D. Fear.