Federal spending was highly expansionary during the 2007-2009 recession. During this same period, state and local government spending rose ________, and it ________ from 2009-2011
A) more than would be expected; rose again
B) more than would be expected; fell
C) less than would be expected; continued to rise
D) less than would be expected; fell
D
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What most accurately describes the trend in inter-city prices between 1815-1860?
a. Prices of goods in different eastern cities diverged. b. The prices of goods in the Midwest converged towards the prices of goods in the east. c. Prices of goods in the Midwest decreased relative to the prices of goods in the east.
In evaluating public projects, a higher interest rate (r) will favor those projects which
a. have costs and benefits occurring in the more distant future. b. have costs and benefits occurring in the more immediate future. c. have benefits occurring in the more immediate future and costs occurring in the more distant future. d. have benefits occurring in the more distant future and costs occurring in the more immediate future.
?A process {yt} is a martingale if _____ is equal toytfor allt? 0.
A. ?E(yt+1|yt, yt-1, …, y0) B. ?E(yt+1|yt-1, …,y0) C. ?E(yt+1, yt| yt-1, …, y0) D. ?E(yt+1, yt| yt-1, yt-2)
Labor economics concerns
A. the study of how households decide where to live. B. the study of income inequality. C. the study of education decisions. D. how labor markets work. E. All of these are labor economics concerns.