Globalization first appeared on the world stage two decades ago
Indicate whether the statement is true or false
False
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When the Federal Reserve increases the federal funds rate, bank loans ________, the supply of loanable funds ________, and the real interest rate ________
A) increase; increases; falls B) decrease; decreases; rises C) increase; increases; rises D) do not change; decreases; rises E) decrease; does not change; rises
A production possibilities curve determines the price at which goods trade
Indicate whether the statement is true or false
Which of the following is true?
a. To remain in office, a politician must try to enact policies that gain him votes for his reelection and increase the support coming from contributors. b. A politician always attempts to pursue policies that are good for society even if they are strongly opposed by many of her constituents or contributors. c. Politicians generally place more weight on how their decisions affect future costs and benefits than on how they affect present costs and benefits. d. The value of being in office is so low that most political candidates spend very little on campaigns to try to win (or keep) elected office.
In 2010, the co-chairmen of President Obama's deficit reduction commission proposed curtailing or eliminating many tax deductions such as the one for mortgage interest. Economists who favor the proposal argue that it would (i) correct a misallocation of resources because too much of the economy's capital stock is tied up in residential housing and too little is invested in corporate capital. (ii)
cut both spending and taxes. (iii) encourage private philanthropy. a. (i) only b. (ii) only c. (i) and (ii) only d. (i), (ii), and (iii)