The debt floor limits the total amount of money the federal government can legally borrow
Indicate whether the statement is true or false
false
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In common value auctions
a. Every bidder know the value of the object being sold b. Each bidder makes the same estimate of the value of the good c. Bidders do not know the estimates of the others d. The true value of the item differs across bidders
Incomes policies are based on discretionary monetary and fiscal policies
a. True b. False Indicate whether the statement is true or false
A surplus occurs when price is higher than the market equilibrium
a. True b. False Indicate whether the statement is true or false
Uncovered interest parity refers to:
a. borrowing in the low-interest currency and lending in the high-interest currency without covering against a change in the exchange rates. b. foolish actions that usually are not successful. c. activities that are designed to raise or lower interest rates but are risky. d. the practice of depositing all of one's funds in one currency without regarding the pros and cons of such a transaction.