Centrally planned economies like China produce relatively little pollution
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is classified as a final good or service?
i. tires bought by GM to put on new Tahoes ii. mustard bought by Subway to put on its sub sandwiches iii. your purchase of online access to the Wall Street Journal A) iii only B) i and ii C) i, ii and iii D) ii only E) ii and iii
An example of the commodity substitution bias in the calculation of the CPI is a price increase in
A) turkey when the price of chicken doesn't rise. B) a GPS unit versus a AAA map book. C) a 2014 Toyota Camry versus a 2005 Honda Civic. D) etexts versus used books bought through Craigslist. E) new homes because people's incomes have increased.
What is an example of a sequential game?
What will be an ideal response
The movement away from bank lending towards asset-backed securities has:
A. increased the importance of the bank-lending channel of monetary policy. B. led the FOMC to abandon interest-rate targets. C. decreased the importance of the bank-lending channel. D. eliminated the bank-lending channel as a mechanism for monetary policy.