In 2008, consumers were mailed a stimulus check in response to the recession. The result showed that Ricardian equivalence:
A. held, as most people spent a substantial share of the money.
B. failed to hold, as most people spent a substantial share of the money.
C. held, as most people saved the money.
D. failed to hold, as most people saved the money.
B. failed to hold, as most people spent a substantial share of the money.
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If the Federal Reserve purchases newly issued government debt
A) the effect is as if the Treasury had printed money to cover the deficit. B) the effect is the same as borrowing from the public. C) the money supply decreases. D) existing money is destroyed.
What types of international transactions are recorded in the balance of payment accounts?
What will be an ideal response?
The speculative demand for money relates the quantity of money demanded (or held) to
a. the level of income b. the interest rate c. the price level d. the investment opportunity e. satisfy consumption needs
The share of industry output sold by the top four steel producers in the country are 19 percent, 15 percent, 12 percent, and 9 percent, respectively. The four-firm concentration ratio for the steel industry is
A. 0.19. B. 0.55. C. 0.138. D. 0.65.