The economists at the New York Fed estimate that the return the typical person receives from an investment in a college education is
A) 4.5 percent per year. B) 12.5 percent per year.
C) 15 percent per year. D) more than 40 percent per year.
C
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What effect does a contractionary monetary policy in the U.S. have on the foreign trade sector?
A) The higher value of the dollar will decrease imports and increase exports. B) The higher value of the dollar will decrease exports and increase imports. C) The lower value of the dollar will decrease imports and increase exports. D) The lower value of the dollar will decrease exports and increase imports.
A heterodox model would not call for freezing wages and prices, but an orthodox one would
Indicate whether the statement is true or false
What was the original intent of the Federal Reserve Act of 1913?
What will be an ideal response?
If the price of automobiles was to increase, then
A) the demand for gasoline would decrease. B) the demand for gasoline would increase. C) the supply of gasoline would increase. D) the quantity of gasoline demanded would decrease.