Your neighbor's 10-year old son has come to your house to collect money for a relief fund to benefit hurricane victims
You were initially unwilling to contribute but agreed to give when you discovered that he had already collected money from all your neighbors. This is an example of ________. A) pure altruism
B) impure altruism
C) liberalism
D) rationalism
B
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The value of the multiplier changes if the ________ changes
i. marginal tax rate ii. marginal propensity to import iii. marginal propensity to consume A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
Buying insurance is similar to
A) selling risk. B) irrationally avoiding life's risks. C) being a free rider. D) buying risk.
The FDIC is an example of:
A. risk premium. B. a Federal Reserve Bank tool. C. the Glass-Steagall Act D. deposit insurance.
The aggregate demand curve is downward sloping for all of the following reasons EXCEPT for the:
A. impact of inflation on the consumer price index (CPI). B. distributional impact of inflation on spending. C. response of the Fed to inflation through its policy reaction function. D. effect of inflation on the value of money.