For this question, assume that the Fed is expected to respond to any event by keeping output constant (i.e., equal to its initial level). An unexpected increase in taxes will cause
A) stock prices to fall.
B) stock prices to rise.
C) no change in stock prices.
D) an ambiguous effect on stock prices.
B
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Any two of these events in questions 1 and 2 occur together? (Draw the diagrams!)
What will be an ideal response?
A clause in a mortgage loan contract requiring the borrower to purchase homeowner's insurance is an example of a
A) proscriptive covenant. B) prescriptive covenant. C) restrictive covenant. D) constraint-imposed covenant.
_________ are defined as quantitative and/or qualitative criteria that reconcile resources with demands and serve as measures of values and goals
a. Attitudes b. Mid-level processes c. Standards d. 5-S principles
If you own a condo and you decide to lease it to your cousin,
A. there is no opportunity cost of leasing the condo because you own it. B. there is no opportunity cost of leasing the condo because you collect rent from your cousin. C. there is an opportunity cost of leasing the condo because you could have chosen to live in it. D. the only cost relevant to this decision is the price you paid for the condo.