The job of _____ is to impose a settlement.
A. an arbitrator
B. a mediator
C. a collective bargaining team leader
A. an arbitrator
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When the Fed buys or sells securities, it is conducting ________ operation
A) a deposit B) a currency C) a government debt D) an open market E) a money multiplier
A decrease in the price level will most likely have what effect on the consumption function?
a. It will shift upward. b. It will shift downward. c. It will cause movement downward along the function. d. It will cause movement upward along the function.
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls, and real GDP rises. b. The real risk-free interest rate rises, and real GDP remains the same. c. The real risk-free interest rate and real GDP remain the same. d. The real risk-free interest rate falls, and real GDP falls. e. There is not enough information to determine what happens to these two macroeconomic variables.
A consumer can purchase a product that is outside her or his budget constraint if it is on a higher indifference curve.
Answer the following statement true (T) or false (F)