Based on the figure above, in which quarter or quarters did an expansion occur?
A) in 2014, 2nd quarter
B) in 2013, 2nd quarter
C) between 2013, 2nd quarter to 2014, 2nd quarter
D) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure
E) There are no expansions illustrated in the figure.
D
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Why may some investors prefer forward contracts to futures?
What will be an ideal response?
If a greater portion of income is distributed to those in the highest income quintile, the
A. Gini coefficient is less than zero. B. Lorenz curve sags below the diagonal line of absolute equality. C. Lorenz curve is a straight line. D. Line of equality sags below the Lorenz curve.
If the government raises government expenditures, then in the short run prices
a. rise and unemployment falls. b. fall and unemployment rises. c. and unemployment rise. d. and unemployment fall.
Which of the following statements is true?
A. Expansionary monetary policy tends to lower the exchange rate of an economy. The effects of expansionary fiscal policy are unclear. B. Expansionary fiscal and monetary policy both tend to increase the exchange rate of an economy. C. The effects of both expansionary fiscal and monetary policy on the exchange rate of an economy are unclear. D. Expansionary fiscal policy tends to increase the exchange rate of an economy. The effects of expansionary monetary policy are unclear.