Commercial paper has a maximum maturity of
A) one day.
B) seven days.
C) 30 days.
D) 270 days.
D
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Some economists believe that deficit spending can impose a burden on future generations. Which of the following does NOT explain the burden?
A) Investment will be crowded out by an increase in current consumption. B) Deficit spending that is allocated to purchases leads to long-term increases in real GDP. C) Future generations will have a smaller capital stock that will reduce their wealth. D) Future generations will have to be taxed at a higher rate.
Monetary policy is not the only type of policy that affects interest rates.
Answer the following statement true (T) or false (F)
Consider a Stackelberg duopoly with the following inverse demand function: P = 100 ? 2Q1 ? 2Q2. The firms' marginal costs are identical and are given by MCi = 2. Based on this information, the Stackelberg leader's reaction function is:
A. QL = 50 ? 0.5QF. B. QL = 49 ? 0.5QF. C. QL = 24.5 ? 0.5QF. D. None of the answers is correct.
The field of environmental economics is concerned with
A. economies of scale. B. public goods. C. externalities. D. government inefficiency.