What was the goal of Operation Twist?
A) to reduce long-term interest rates and increase short-term interest rates
B) to reduce short-term interest rates and increase long-term interest rates
C) to reduce both short-term and long-term interest rates
D) to increase both short-term and long-term interest rates
A
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The process of converting a future amount of money into its value today is called
A) trending. B) depreciation. C) discounting. D) compounding.
Which of the following would likely be considered as a topic of microeconomics?
A) a nation's unemployment rate B) Gross Domestic Product C) the price of apples D) the effects of fiscal policy on the economy
Refer to the above figure. Suppose the economy is at C. If the government tried to reduce the unemployment rate to 3 percent, the new long-run outcome will be at point
A) A. B) C. C) D. D) H.
In some cases the government can make everyone better off by raising taxes to pay for certain goods that the market fails to provide
a. True b. False Indicate whether the statement is true or false