Which of the following terms refers to federal spending and borrowing causing interest rates to rise and business investment to fall?
a. recognition lag
b. implementation lag
c. legislative lag
d. crowding out
d. crowding out
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If 1-year interest rates for the next five years are expected to be 4, 2, 5, 4, and 5 percent, and the 5-year term premium is 1 percent, than the 5-year bond rate will be
A) 2 percent. B) 3 percent. C) 4 percent. D) 5 percent.
The Federal Reserve (Fed) was created by the Congress as an independent agency
a. True b. False Indicate whether the statement is true or false
Why would the government create monopoly power by granting a firm a patent that prevents other firms from competing with the patent holder?
In the following production function, Y = f(K, NA), suppose A increases by 20%. This 20% increase in A implies that
A) the same output can be produced with 20% less labor. B) the effective quantity of labor has increased by 20%. C) output will increase by less than 20%. D) all of the above E) both A and C.