The means that fiscal policy used to attain those goals is the manipulation of _____ and ______.
Fill in the blank(s) with the appropriate word(s).
government spending; taxes
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The idea that nominal interest rates rise or fall one-for-one with expected inflation is known as
A) market risk. B) systematic risk. C) idiosyncratic risk. D) the Fisher effect.
If the budget deficit was eliminated, the federal government would have more money than it could spend
a. True b. False Indicate whether the statement is true or false
A price decrease will cause total revenue to fall if
A. Demand is inelastic. B. Demand is unitary elastic. C. The price elasticity of demand is less than zero. D. Demand is elastic.
A drop in six-month LIBOR is good news to __________ in a swap contract
A) the fixed-rate payer B) the floating-rate payer C) both payers D) neither payer