A daily auction at the Chicago Board of Trade sets
A) Federal funds rate.
B) 10-year bond rate.
C) Discount rate.
D) Prime rate.
E) Credit cards rate.
B
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What does research tell us about the impact of Ricardian equivalence effects on the economy?
A) Ricardian equivalence effects may exist, but their magnitudes are unclear. B) There is no evidence of any impact of Ricardian equivalence effects. C) Ricardian equivalence effects have a huge impact on aggregate demand. D) There is a very small impact on both aggregate demand and aggregate supply.
If government raised taxes on the rich and this resulted in a decrease in productivity, the increase in taxes will still definitely make society better off
Indicate whether the statement is true or false
During the demographic transition the population growth rate
a. slows down b. rises c. rises and then slows down d. increases in spurts followed by long periods of stagnancy e. none of the above
Assume the demand function for good X can be written as Qd = 80 - 3Px + 2Py + 10I where Px = the price of X, Py = the price of good Y, and I = Consumer income. This equation implies that X and Y are substitutes
Indicate whether the statement is true or false