The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
A) cut the federal government's ties with Fannie Mae and Freddy Mac.
B) prohibits banks from selling mortgage backed securities, which were largely to blame for the financial market crisis in 2007-2008.
C) eliminated the Federal Deposit Insurance Corporation.
D) had restrictions that try to limit risky investment by banks.
D
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If the government enacts contractionary fiscal policy, it could:
A. reduce its spending. B. decrease personal income taxes. C. decrease corporate income taxes. D. All of these are contractionary.
A decrease in the price level
a. decreases investment spending, thereby shifting the AD curve. b. increases investment spending, thereby shifting the AD curve. c. does not shift the AD curve. d. increases autonomous consumption spending, thereby shifting the AD curve. e. changes the slope of the AD curve.
Andy wants to maximize his grade-point average. Having spent six hours studying for his final exam in economics, Andy calculates his grade and discovers that even with a perfect score on the final, he will not pass the course. He decides to study two more hours so he will not have wasted the first six hours. Is this a good decision? Why or why not?
You won a free ticket to see the latest Star Wars movie this Friday night (which you can costlessly resell for its face value of $15). Your favorite band is also performing on Friday and is your only alternative activity. Friday is your last chance to see either the movie or the band. Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket. Based on this information, what is your opportunity cost of going to see the Star Wars movie on Friday?
A. $35 B. $30 C. $50 D. $0