A large open economy
A) dominates world trade in one or more products.
B) is physically larger than all small open economies.
C) has a larger population than all small open economies.
D) lends or borrows enough in the international capital market to influence the world real interest rate.
D
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The phase out of the subsidies for the purchase of health insurance will increase the implicit marginal tax rate on earnings for which of the following groups?
a. The elderly. b. Individuals and families with incomes between 133 percent and 400 percent of the poverty level. c. Individuals and families with incomes of more than 400 percent of the poverty level. d. All workers employed by firms with fewer than 50 full-time employees.
In Figure 2-1, point A is
a. unattainable. b. inefficient. c. efficient. d. preferable to point B.
Buyers and sellers receive market signals
A. from their friends and acquaintances. B. from news announcements of the government. C. through the price system. D. from the gossip columns in the newspapers.
The Fed's tools are also known as
A. goals. B. derivatives. C. instruments. D. intermediate targets.