A decrease in stock prices will _____ the net wealth of households and _____ consumption
a. reduce; increase
b. reduce; decrease
c. reduce; not change
d. increase; increase
e. increase; decrease
b
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Refer to Figure 4.7. You will receive a payoff of 0 points if you ask for points and so do ________ of your classmates
A) 0 B) 6 C) 12 D) none of the above
Early American manufacturers were particularly concerned about minimizing:
a. raw material costs. b. labor costs. c. state-levied taxes on profits. d. energy costs.
Intraindustry trade is characterized by what two features of the industry and market?
A) Diseconomies of scale and homogeneous products B) Non-tariff barriers and large-scale foreign investment C) Quota auctions and low effective rates of protection D) Economies of scale and differentiated products
The Taylor rule implies that the Fed should set the federal funds target based on which of the following?
A. the proportionate gap between actual real GDP and a measure of potential real GDP B. the current deviation of the actual inflation rate from the Fed's inflation objective C. an estimated long-run real interest rate D. all of these