A unanimous decision rule is equivalent to market exchange in terms of efficiency
a. True b. False
b
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A decrease in disposable income shifts the ________
A) demand for loanable funds curve rightward B) demand for loanable funds curve leftward C) supply of loanable funds curve leftward D) supply of loanable funds curve rightward
The inflation gap can best be described as:
A) the percentage difference between GDP and its potential B) the difference between inflation and its target C) the change in the inflation rate from one year to the next D) the difference between the inflation rate and the average inflation rate of that of the nations with the 3 lowest inflation rates
An unexpected exogenous event which has a significant impact on an important sector of the economy or on the economy as a whole is called a(n)
A) macroeconomic shock. B) countercyclical fluctuation. C) downward economic spiral. D) autonomous destabilizer.
What is the approximate price of a $10,000 coupon bond that pays $1,000 in one year and $1,000 in two years at maturity? The effective yield on the bond is 6 percent
A) $10,000 B) $10,730 C) $10,900 D) $12,000