The Sarbanes-Oxley Act of 2002 requires that CEOs personally certify the accuracy of financial reports
Indicate whether the statement is true or false
TRUE
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If the Fed fears inflation, then the Fed
A) directs banks to raise the nominal interest rate. B) will increase the income tax rate on interest income. C) directs banks to lower the nominal interest rate. D) will sell government securities in the open market. E) will buy government securities in the open market.
The argument that jobs are lost to free trade is
A) correct because jobs are lost but foreign countries are helped and we can afford losses. B) totally false because no jobs are lost to free trade. C) somewhat correct because some jobs are lost but incorrect because new jobs also are created. D) true only when tariffs are imposed on the goods being imported. E) incorrect because no jobs are lost and new jobs are created by trade.
The relationship between MC and AC can best be described as
A) when AC increases, MC starts to increase. B) when MC increases, AC starts to increase. C) when MC decreases, AC decreases. D) when MC exceeds AC, AC increases.
The aggregate demand curve sloping downward can be explained in part through:
A. the wealth effect. B. the negative relationship between the price level and government spending. C. the positive relationship between the price level and net exports. D. All of these are true.