Which investment caused the Reserve Primary Fund to incur heavy losses?
A) mortgage-backed securities
B) real estate investment trusts
C) commercial paper issued by Bear Stearns
D) commercial paper issued by Lehman Brothers
D
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The federal budget
A) is required to balance by law. B) can have a surplus but not a deficit. C) can have a deficit but not a surplus. D) can have a deficit or a surplus but cannot be balanced. E) can have a deficit, a surplus, or a balance.
If MPC = 0.8 and the economy is in equilibrium $500 below full-employment equilibrium, how much should government spending change to achieve full employment?
a. ?100. b. +80. c. ?80. d. +500. e. +100.
Which of the following will be an obstacle to oligopolistic collusion in a market?
a. government regulations restricting entry b. a relatively small number of oligopolistic firms c. unstable demand conditions d. uniform products
Rational ignorance suggests that
a) it is easier to aim at the median voter because it is a less costly strategy for the politicians b) low voter turnout is due to a lack of understanding of the importance of political platforms c) all voters will pursue information about each issue before voting d) all voters will be ignorant on issues that are not of special interest to them