Which of the following would generate positive externalities?
a. flu vaccinations
b. pesticides used to create greater yields per bushel
c. cigarette smoking in elevators
d. litter left at the beach
e. an unkempt front yard
A
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Refer to Figure 17-9. A follower of the new classical macroeconomics would argue that ________ like that pursued by Paul Volcker in 1979, would result in a movement from C to A
A) expansionary fiscal policy B) expansionary monetary policy C) contractionary monetary policy D) contractionary fiscal policy
Why is money you receive at some future date worth less to you than money you receive today?
What will be an ideal response?
The typical shape for a yield curve is
A) gently upward sloping. B) mound shaped. C) flat. D) bowl shaped.
Most securities traded in the United States are
a. secondhand securities bought by individuals b. secondhand securities bought by institutional investors c. new securities bought by institutional investors d. new securities bought by banks and insurance companies e. new securities bought by individuals