An increase in inflation expectations shifts the short-run Phillips curve right and has no effect on the long-run Phillips curve
a. True
b. False
Indicate whether the statement is true or false
True
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In corporate bond market quotations, the current yield on convertible bonds is usually
A) included as a ratio to the previous day's high. B) included as a ratio to the previous day's low. C) included as a ratio to the previous day's close. D) omitted.
As cities grew and markets developed, life, fire and death insurance companies emerged to manage risks and help groups of individuals during disasters
Indicate whether the statement is true or false
An economic benefit of contracts is that they
a. protect property rights b. encourage involuntary exchanges c. reduce the number of possible Pareto improvements d. encourage market concentration e. encourage specialization
The fiscal policy of the United States is
A. decided each year by the head of the U.S. Department of the Treasury. B. summarized in the budget of the U.S. federal government. C. published in the Federal Reserve Bank's Annual Report. D. the sum of the budgets of each state and municipality.