Which of the following would provide a reasonable benchmark for how much you should pay monthly into a "real world" savings account?
What will be an ideal response?
Sum your unexpected expenditures over the last 12 months, divide this figure by 12, and allocate this amount into the savings account regularly.
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Under perfect competition, the demand curve facing a firm and the firm's marginal revenue curve are
a. vertical at the firm's chosen output level b. both vertical, but the demand curve is further to the right than the marginal revenue curve c. both vertical, but the marginal revenue curve is further to the right than the demand curve d. both horizontal at the level of the market price e. both horizontal, but the demand curve is above the marginal revenue curve
A currency that is pegged to another currency is usually changed on a supply-and-demand basis.
a. true b. false
Which of the following is a reason that the Fed does not traditionally attempt to limit asset price bubbles?
A. The Fed’s actions could do more harm than good. B. It is nearly impossible to determine if a bubble exists before it bursts. C. The Fed’s policies cannot be targeted at only one sector of the economy. D. All of these responses are correct.
Sustained federal deficits tend, other things the same, ________
A) to decrease income inequality in the United States B) to decrease income inequality in Europe but not the United States C) to increase income inequality in the United States D) have little effect on the distribution of income in market economies