Which of the following schools of thought criticized the Fed's policy of targeting interest rates?
a. The new Keynesians
b. The Keynesians
c. The monetarists
d. The classical economists
e. The new classical economists
c
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Which of the following is an advantage of starting a new business as a partnership?
A) Business profits are not taxed. B) A partnership has few government rules and regulations to comply with. C) The owners have limited personal liability. D) A partnership can easily attain additional funding.
Assume a change in price causes the price elasticity of demand for a good (in absolute value) and marginal revenue to decrease. In this case we can conclude that the price of the good was:
A) increased. B) held constant. C) decreased. D) cannot be determined.
In 2008, the liquidity of mortgage-backed securities declined significantly. Make use of a graph of the bond market to show how this affected the price of mortgage-backed securities
What will be an ideal response?
Under present U.S. law, cocaine is an example of
A) a government-sponsored good. B) a capital good. C) a public good. D) a government-inhibited good.