The issuance of new debt in payment of previously issued debt is called refinancing.
Answer the following statement true (T) or false (F)
True
Refinancing is the issuance of new debt in payment of debt issued earlier.
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Central bank credibility may be established by ________
A) the appointment of individuals to the Fed with a strong aversion to inflation B) quicker responses to negative aggregate supply shocks C) greater coordination between monetary and fiscal policy D) the appointment of central bankers who are hawkish on defense
The battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the:
A) supply curve for electric and hybrid autos will shift rightward. B) supply curve for electric and hybrid autos will shift leftward. C) demand curve for electric and hybrid autos will shift rightward. D) demand curve for electric and hybrid autos will shift leftward.
When voters pay taxes in proportion to the benefits they receive from government projects
What will be an ideal response?
In the presence of Regulation Q, when interest rates would rise, _____
a. the transaction demand for money in the economy would increase b. people would invest in the bond markets c. the economy would grow faster d. people would withdraw money from banks seeking higher interest rates elsewhere e. the U.S. dollar would depreciate