The Federal Funds Committee executes the purchases and sales of government securities decisions of the Federal Reserve
a. True
b. False
Indicate whether the statement is true or false
False
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Moral hazard exists chiefly because of
A) economies of scale. B) diseconomies of scale. C) private information. D) public information.
A law that restricts plant closings will
A) make the economy more efficient by slowing down the movement of resources to a more optimal rate. B) make the economy more efficient by reducing poor decisions on the part of entrepreneurs. C) prevent resources from flowing to their highest-valued uses. D) allow profits and losses to provide a signaling function.
If a variable other than the price level changes, the AD curve shifts
a. True b. False
For a country to double its per capita income every twenty years, it would have to sustain an annual economic growth rate equal to
a. 1.75 percent. b. 2 percent. c. 3.5 percent. d. 4 percent.