Which of the factors does not cause there to be different interest rates?
a. risk of default
b. length of time of the loan
c. administration costs
d. all of the above explain the reasons there are different interest rates
d
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New York Times writer Michael Lewis wrote that "The sad truth, for investors, seems to be that most of the benefits....are passed through to consumers free of charge." To which of the following did Lewis refer?
A) the Enron accounting scandal B) apple farming in New York state C) new technologies developed in the 1990s D) the medical screening industry
The Fed is a nonprofit institution whose function is to serve the overall welfare of the public.
Answer the following statement true (T) or false (F)
Does the recent increase in trend rate productivity experienced in the U.S. mean that the business cycle is dead?
What will be an ideal response?
Externalities are a measure of the divergence between social costs and private costs.
Answer the following statement true (T) or false (F)