What effect does foreign exchange market intervention by the U.S. Federal Reserve to increase the value of the U.S. dollar have on the U.S. monetary base?
a. The U.S. monetary base decreases.
b. The U.S. monetary base increases.
c. It does not have an effect on the U.S. monetary base at all.
d. The effect on the U.S. monetary base is ambiguous and depends on where counterparties deposit the funds.
.A
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Using the midpoint method, if the price of an airline ticket from Orlando to Pittsburgh falls from $275 to $238, the percentage change in price is
A) 1442 percent. B) 14.42 percent. C) 15.54 percent. D) 13.45 percent. E) 68.00 percent.
Between 1960 and 2001, the labor force participation rate increased for each of the following groups except
a. married women b. married men c. single women d. single men
Susie doesn't buy ice cream this week at the grocery store because she intends to start a diet in a few days. Her behavior is an example of:
A. a commitment device. B. status quo bias. C. the endowment effect. D. positive framing.
Everyone in the neighborhood has been complaining about the deteriorating condition of the park, but nobody has cleaned it up. Why not?
A. There is an excess demand for parks in the neighborhood. B. No single person's benefit from cleaning the park exceeds that person's cost of cleaning it. C. The social benefit of cleaning the park exceeds the social cost of cleaning it. D. There is an excess supply of parks in the neighborhood.