National League pitchers partake in some batting practice (typically, bunting). Why don't American League pitchers practice batting?
A) Practice can't be expected to improve their terribly poor batting skills.
B) They have little incentive, given the designated hitter rule.
C) They don't believe the slogan "There is no 'I' in 'Team'."
D) They ignore the rules of the game.
B
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When the staff of the account manager at the Fed's Open Market Trading Desk analyzes forecasts on Treasury deposits and information on the timing of future Treasury sales of securities, what agency does it interact with?
A) The Securities and Exchange Commission B) The Treasury's Office of Government Finance C) The Treasury's Office of Federal Reserve Relations D) The Federal Deposit Insurance Corporation
The government unit that wants to achieve "revenue enhancement" will find it considerably more favorable to enact an excise tax on goods whose demand is
A) highly elastic. B) relatively elastic. C) highly inelastic. D) unitary elastic.
The 2007-2009 recession began with reductions in investment and consumption spending, precipitated by a financial crisis. This explanation for the recession is consistent with:
A. the monetarist view of macroeconomic instability. B. the rational expectations view of macroeconomic instability. C. the mainstream view of macroeconomic instability. D. none of these views of macroeconomic instability.
In 2016 final sales equal $400 billion, and the change in business inventories is $100 billion. GDP in 2016 is
A. $100 billion. B. $300 billion. C. $400 billion. D. $500 billion.