Students in a class are assigned to groups to work on a project. A grade will be given for each project, and everyone in the group will receive that grade. For the members of a particular group, the grade is a
a. beneficial externality.
b. public good.
c. detrimental externality.
d. moral hazard.
b
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Paul Volcker's inflation reduction efforts
a. failed to reduce inflation. b. failed to reduce expected inflation. c. resulted in the highest unemployment rate since the Great Depression. d. none of the above are correct.
One way of organizing two periods of panel data is to have only one record per cross-sectional unit.
Answer the following statement true (T) or false (F)
If the Federal Reserve reduces short-term interest rates to virtually zero, and the economy still needs stimulus, it may want to turn to unconventional monetary policies.
Answer the following statement true (T) or false (F)
The demand for money curve will shift to the left when
a) the interest rate increases b) the price level increases c) aggregate output decreases d) the price of bonds is expected to decrease e) all of the above will shift the money demand curve to the left