Give an example of government intervention that is intended to improve equality
The income tax; the welfare system
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The M2 money multiplier is
A) negatively related to high-powered money. B) positively related to the time deposit ratio. C) positively related to the required reserve ratio. D) positively related to the excess reserves ratio.
Which of the following is not an assumption of the medium voter model?
a. Voters can place all election alternatives along a one-dimensional continuum. b. Voters always vote their true preference. c. Voters prefer alternative closer to their preferred outcome. d. Voters engage in preference falsification.
Stock prices increase when expected future dividends ________, interest rates ________, and/or the risk premium ________.
A. decrease; decrease; increases B. increase; increase; decreases C. increase; decrease; decreases D. increase; increase; increases
Competition forces firms to produce and sell products as long as the ________ to consumers exceeds the ________ of production
A) marginal benefit; marginal cost B) marginal benefit; marginal benefit C) marginal cost; marginal cost D) marginal cost; marginal benefit