Inaccurate prediction generally invalidates the use of theory in economics.
Answer the following statement true (T) or false (F)
False
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Many individuals are reluctant to buy common stock is that as owners of a corporation they have unlimited liability for the debts of the business.
Answer the following statement true (T) or false (F)
In the short run, if the Fed wants to raise the federal funds rate, it
A) instructs large commercial banks to sell government securities in the open market. B) instructs the New York Fed to buy government securities in the open market. C) instructs the New York Fed to sell government securities in the foreign exchange market. D) instructs the New York Fed to sell government securities in the open market. E) tells large commercial banks to raise their interest rates.
In the U.S. in 2012 the percentage of the Americans living below the poverty line was about
A) 15 percent. B) 20 percent. C) 5 percent. D) 27 percent.
A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. Which of the following is not one of those propositions?
a. A ceiling on rents reduces the quantity and quality of housing available. b. Fiscal policy has a significant stimulative impact on a less than fully employed economy. c. The gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged. d. The United States should implement universal health care for its citizens.