If the central bank follows a monetary policy in which it maintains a fixed interest rate, then
a. the LM curve will get steeper.
b. the IS curve will get steeper.
c. the LM curve will become vertical.
d. the LM curve will become horizontal.
e. none of the above.
D
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Which of the following is a correct statement?
a. Fiscal policy is the use of tax and spending policies by Congress and the president. b. Fiscal policy involves the control of the money supply by the Federal Reserve Bank. c. Monetary policy involves the control of the money supply by Congress and the president. d. Monetary policy is the use of tax and spending policies by the Federal Reserve Bank.
(Last Word) As a result of the Great Recession of 2007-2009, illegal immigration to the United States:
A. has increased dramatically. B. fell significantly during the recession but has increased since the recession and the illegal immigrant population is growing significantly again. C. illegal immigration to the United States fell significantly and the net flow of illegal immigrants following the recession has been close to zero. D. illegal immigration to the United States fell significantly, and now there is a dramatic backflow that has the total number of illegal immigrants in the United States falling.
A person who is willing to take a bet with an expected value of one is called risk-neutral.
Answer the following statement true (T) or false (F)
A factor market is a market in which
A) households buy goods and services. B) households sell the services of the factors of production they control. C) firms sell the services of the factors of production. D) firms sell goods and services.