When the LM curve is horizontal,
A) fiscal policy has no impact on equilibrium income.
B) fiscal policy has no impact on the equilibrium interest rate.
C) the economy is at full employment.
D) monetary policy has no impact on equilibrium income.
D
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The covered interest rate parity condition can be stated as follows: The interest rate on dollar deposits equals the interest rate on euro deposits ________ the forward ________ on euros against dollars
A) plus; premium B) minus; premium C) plus; discount D) minus; discount E) times; premium
What does the fact that U.S. students are falling behind other nations' students in math and science have to do with economic growth?
A) Nothing. People in the United States just don't like to fall behind in anything as a matter of pride. B) If U.S. students don't excel in math and science, the nation will see fewer plays written and fewer pieces of music composed. C) Better technology, a key to economic growth, depends largely on math and science skills. D) Math and science skills don't foster economic growth, but it takes math skills to calculate a nation's rate of economic growth.
Which of the following is a common resource?
a. a tornado siren b. fish raised on a farm c. timber in a public forest d. a traffic light
The rate at which the federal government matches state Medicaid expenditures is
A. 0% for richer states ranging to 100% for poorer states. B. 70% for richer states ranging to 50% for poorer states. C. 50% for richer states ranging to 70% for poorer states. D. 50% for all states.