M2 is both larger and less liquid than M1
a. True
b. False
Indicate whether the statement is true or false
True
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Corrective taxes are generally more efficient than regulatory mandates keeping the environment clean
a. True b. False Indicate whether the statement is true or false
If expectations are rational, the difference between the actual inflation rate and the forecast for inflation is: a. positive when inflation is increasing
b. negative when inflation is increasing. c. random. d. greater, the more accurately people anticipate the effects of government policy.
In a currency swap two parties agree to exchange flows of different bonds during a specified time period.
Answer the following statement true (T) or false (F)
According to the principle of diminishing returns, if the number of workers is increased beyond the point of diminishing returns, then the additional worker
A) increases total output by more than the amount of previous workers. B) increases total output by the same amount as previous workers. C) decreases total output. D) increases total output by less than the amount of previous workers.