Which of the following instruments is NOT traded in a money market?
A) residential mortgages
B) U.S. Treasury Bills
C) negotiable bank certificates of deposit
D) commercial paper
A
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Government programs that automatically shift the government budget toward a deficit during recessions and a surplus during recoveries are called:
a. discretionary fiscal policy. b. automatic stabilizers. c. progressive taxation. d. price deflators.
Find equilibrium price and quantity.
According to the assignment rule, which of the following policy mixes is appropriate for a country with high inflation, a balance of payments surplus, and fixed exchange rates?
A. Expansionary fiscal policy and expansionary monetary policy B. Contractionary fiscal policy and expansionary monetary policy C. Contractionary fiscal policy and contractionary monetary policy D. Expansionary fiscal policy and contractionary monetary policy
Recall the Application about the best speed at which to sail an ocean cargo ship to answer the following question(s).Weighing the benefits and costs of the different speeds at which to sail an ocean cargo ship addresses the economic concept known as:
A. the principle of opportunity cost. B. the marginal principle. C. the principle of voluntary exchange. D. the principle of diminishing returns.