U.S. law requires that parity price ratios be maintained at 100 percent
Indicate whether the statement is true or false
F
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Which of the following statements is CORRECT?
A) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending. B) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs. C) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending. D) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending.
Suppose the real money demand function is
Md/P = 2400 + 0.2Y - 10,000 (r + ?e). Assume M = 5000, ?e = .03, and Y = 5000. If the price level were to decrease from 2.5 to 2.0, then the real interest rate would decrease by how many percentage points (assuming Md, ?e, and Y are unchanged)? A) 4 B) 5 C) 9 D) 14
Economists disagree on most economic issues facing an economy
a. True b. False Indicate whether the statement is true or false
The Federal Reserve Bank of New York is unique from other Reserve banks because it:
A. is where the Federal Reserve System's portfolio is managed. B. is the only regional Bank that serves just one state. C. is the oldest and therefore the largest. D. is the only regional Bank located in a financial center.