If an insurance policy is actuarially fair, then:
A. M = ?(1 - B)
B. ? = B(1 - M)
C. B = M(1 - ?)
D. M = B(1 - ?)
D. M = B(1 - ?)
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Consumers have been buying fewer CDs as downloadable music has become easier to purchase and use. We would represent this as
A) a leftward shift of the demand curve for CDs. B) a rightward shift of the demand curve for CDs. C) a change in the price of CDs. D) a leftward shift of the supply curve for downloadable music.
The linkages of the interest-rate-based transmission mechanism of monetary policy are summarized as follows:
A) change in the money supply ? change in speculative balances ? change in transactions balances ? change in planned investment ? change in aggregate demand. B) change in the money supply ? change in planned investment ? change in government spending ? change in aggregate demand. C) change in the money supply ? change in interest rates ? change in planned investment ? change in aggregate demand. D) change in the money supply ? change in interest rates ? change in transactions balances ? change in government spending ? change in aggregate demand.
The amount of government debt is called the public cost.
Answer the following statement true (T) or false (F)
The time between when a policy is enacted and when it affects the economy is the ________ lag.
A. multiplier B. recognition C. legislative D. effectiveness