If there is no Ricardo-Barro effect, an increase in the government budget surplus will
A) lower the real interest rate.
B) decrease the demand for loanable funds.
C) raise the real interest rate.
D) decrease the supply of loanable funds.
E) not change the demand for loanable funds, the supply of loanable funds, or the real interest rate.
A
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Which of the following is the most liquid asset?
A) currency B) shares of stock C) short-term treasury bonds D) small denomination time deposits
Implicit costs will be zero in the long run
Indicate whether the statement is true or false
A fixed exchange rate, say, Mexican pesos per dollar, is determined by
a. U.S. consumers that buy Mexican exports b. the U.S. government c. U.S. businesses that export to Mexico d. the foreign exchange market e. the levels at which other exchange rates float
In 2017 about 9% of personal income in the United States came from
A. transfer payments. B. property income. C. wages and salaries. D. profits.