What is protectionism in the domestic economy?
a. forcing foreign consumers to subsidize domestic producers
b. forcing producers to subsidize consumers
c. forcing consumers to subsidize producers
d. forcing foreign consumers to subsidize foreign producers
c. forcing consumers to subsidize producers
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The larger the public's currency drain from the banking system, the
A) smaller is the monetary base. B) smaller is the money multiplier. C) larger is the monetary base. D) larger is the money multiplier.
Which of the following long-term bonds has the highest interest rate?
A) corporate Baa bonds B) U.S. Treasury bonds C) corporate Aaa bonds D) municipal bonds
The interest rate on secondary credit is set ________ basis points ________ the primary credit rate
A) 100; above B) 100; below C) 50; above D) 50; below
When uncertainty over the timing of death is added to the LCH, this ________ the planning horizon and ________ the MPC for transitory income
A) shortens, raises B) shortens, lowers C) lengthens, raises D) lengthens, lowers