In Keynes's view, an excess quantity of money demanded causes people to:
A. sell bonds and the interest rate rises.
B. buy bonds and the interest rate falls.
C. buy bonds and the interest rate rises.
D. increase speculative balances.
Answer: A
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Owners of small firms in countries with weak banking systems have to rely on funds from all of the following EXCEPT:
A) their own savings B) local lenders who charge high interest rates C) global investors D) the savings of relatives and friends
One drawback of deferred payments is that
A) employees may shirk anyway. B) employers might fire high achievers to avoid paying higher wages or bonuses. C) it is difficult to determine who are the good and who are the bad workers. D) employees have to work for the firm for a long time.
In 2008 if the poverty line had been set higher, the poverty rate would have been _______.
Fill in the blank(s) with the appropriate word(s).
The largest increase in the federal budget deficit during the following periods was from
A. 1974-1977. B. 1977-1980. C. 1980-1983. D. 1983-1986.