For this utility function, the MRS:
a. depends on the values of x and y.
b. is always 0.
c. is always 2.
d. is always 4.
c
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Attacking inflation through wage/price controls is part of a
a. orthodox stabilization strategy b. response to inertial inflation c. strategy supported by the International Monetary Fund d. response to rapid money supply growth e. none of the above
Market signaling
A) is a way of conveying information to other parties in a transaction where asymmetric information exists. B) represents a dominant strategy in a multi-player game. C) results in an optimum solution to a beach kiosk scenario. D) None of the above
The interest rate that the fome currently chooses to control is:
A. the discount rate. B. the federal funds rate. C. the prime rate. D. the 30-year Treasury bond rate.
Savings banks and savings and loans are regulated by a combination of agencies which includes the:
A. Office of the Comptroller of the Currency. B. Securities and Exchange Commission. C. Internal Revenue Service. D. Federal Reserve System.