Currently challenging Treasury bills as the centerpiece of the money market is (are)
A) federal funds.
B) Eurodollars.
C) commercial paper.
D) negotiable CDs.
B
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When drawn against the real interest rate, the optimal investment schedule shifts to the right if
A) current total factor productivity z increases. B) current total factor productivity z decreases. C) future total factor productivity z' increases. D) future total factor productivity z' decreases.
Which of the following limits the ability of the current system of transfer programs to increase the incomes of the able-bodied poor?
a. The high implicit marginal tax rates that accompany the current income transfer programs reduce the incentive of the poor to earn. b. The transfer programs encourage the poor to marry and form dual-earner families. c. The transfer programs tend to increase the wages that employers are required by law to pay for low-skill labor. d. The transfer programs reduce the likelihood of single-parent families.
All economists agree that the economy is self-regulating
Indicate whether the statement is true or false
The term government failure refers to the:
A. Large losses suffered by publicly owned water, gas, and electric companies B. Large number of bankruptcies that have occurred recently among local governments C. Economically inefficient outcomes caused by voting problems or incentive structures in government D. Inability of government agencies to provide adequate police protection in low-income neighborhoods