The Larry Bird exception to the salary cap allows
A. teams to sign players out of high school.
B. teams to sign their own stars in order to keep them.
C. players to be paid while injured and not have their salaries count against the cap.
D. teams to sign other team's stars to allow competitive balance.
Answer: B
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Which of the following would increase aggregate demand?
a. A deficit in the government budget b. An increase in taxes c. An increase in government borrowing d. A surplus in the government budget e. A decrease in government spending
In 2009, household spending was the smallest component of total spending in the U.S. economy
a. True b. False Indicate whether the statement is true or false
The federal funds rate is the interest rate that
A. the government pays on securities that mature in less than a year. B. commercial banks charge their best customers to borrow money. C. the Fed charges commercial banks to borrow reserves. D. commercial banks charge each other for borrowing and lending reserves.
Identifying the causal effects of a policy by looking at the average change over time in the outcome variable is compared to the average change in a control group is called
A. regression discontinuity. B. statistical significance. C. difference-in-differences. D. intention to treat.