Which of the following are NOT traded in a capital market?
A) U.S. government agency securities
B) state and local government bonds
C) repurchase agreements
D) corporate bonds
C
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Technology has played a key role in changing the structure of the economy, which has increased the rewards for additional education and training. Greater access to education and training programs for all workers should therefore
A) play an important role in reducing income inequality. B) have a net effect of increasing income inequality. C) eliminate all income inequality. D) have little effect on the overall state of income inequality.
Which of the following statements is NOT true regarding subsidies?
A. Subsidies are like taxes in that they create deadweight loss. B. Subsidies are like taxes in that they reduce sales of the subsidized good. C. Subsidies are unlike taxes in that they increase sales of the subsidized good. D. Subsidies are unlike taxes in that they reduce the price that buyers pay for a good.
Suppose the UK has instituted an expansionary monetary policy to fight unemployment in the economy. The UK has a floating exchange rate.a. If the exchange rate value of the pound remains steady, what are the effects of easy money on British national product and income? What is the effect on the British unemployment rate? Explain.b. Following the monetary expansion, what is the likely pressure on the exchange-rate value of the pound? Explain.c. What are the implications of the change in the exchange-rate value of the pound for British national product and unemployment? Does the change in the exchange rate tend to reinforce or counteract the expansionary thrust of the British monetary policy? Explain.
What will be an ideal response?
Given percentage change in supply and the price elasticity of supply, explain how percentage change in equilibrium price varies as the price elasticity of demand changes from 0 to infinity.
What will be an ideal response?