Stock prices often rise when the Fed raises interest rates
a. True
b. False
Indicate whether the statement is true or false
False
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The environmental approach found in the Clean Air Act of 1990 is:
a. marketable pollution permits. b. price caps. c. command-and-control regulation. d. a thousand points of light.
The nominal value of GDP is:
a. expressed in monetary values adjusted for inflation b. expressed in monetary values that are not adjusted for inflation. c. expressed in numeric values that does not correlate to a monetary term. d. expressed as a ratio between the value of consumption expenditure and the value of investment expenditure.
Suppose technical change permits cable television companies to provide their services at lower rates. The share-the-gains, share-the-pains theory would predict that the regulators would
A) permit the firms to keep the savings and would lower prices only if the firms were pressured to do so. B) force the firms to pass all the savings on to consumers in the form of lower prices. C) force the firms to pass the savings on to consumers in the form of better service. D) force the firms to pass some of the savings on to consumers and to permit the firms to keep some of the savings themselves.
________ occurs when congressional representatives trade votes.
A. Market failure B. The voting paradox C. An injunction D. Logrolling