An agency can make rules that are as legally binding as laws passed by Congress.?
Indicate whether the statement is true or false
True
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Suppose the economy is thought to be 1 percent below its potential output (i.e., the output gap is ?1 percent). The potential output is growing at 4% a year. Suppose the Fed is following the Taylor rule, with an inflation rate of 4 percent over the past year. The equilibrium real fed funds rate is 3 percent, the weight on the output gap is 0.75 and the weigh on the inflation gap is 0.25. The inflation target is 1 percent. What should the federal funds rate be?
A. 7 percent B. 8 percent C. 9 percent D. 10 percent
Dividend yield equals
A) market price per share divided by dividends per share. B) net income divided by dividends per share. C) dividends per share divided by net income. D) dividends per share divided by market price per share.
A survivorship joint life policy pays out at the first death
Indicate whether the statement is true or false.
Which of the following statements regarding watercraft liability under Section II of an unendorsed HO-3 policy is (are) true?
I. No coverage is available for watercraft liability. II. Liability arising out of the use of watercraft that are under certain length and horsepower limits is covered. A) I only B) II only C) both I and II D) neither I nor II