Interest rates _______ in response to the Fed's actions. The short-term interest rates--the federal funds rate and the short-term bill rate--move ________.
Fill in the blank(s) with the appropriate word(s).
fluctuate; closely together
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In the Keynesian model, changes in the money supply cause changes in
A) saving. B) investment. C) government spending. D) aggregate supply.
If the price effect outweighs the income effect of a wage increase, the labor-supply curve will:
A. slope downward. B. slope upward. C. be perfectly horizontal. D. be perfectly flat.
Carl is considering attending a concert with a ticket price of $35 . He estimates that the cost of driving to the concert and parking there will total an additional $20 . In order to attend the concert, Carl will have to take time off from his part-time job. He estimates that he will lose 5 hours at work, at a wage of $6 per hour. Carl's opportunity cost of attending the concert equals
a. $35 b. $55 c. $30 d. $65 e. $85
Answer the following statement(s) true (T) or false (F)
1. The Maximum Contaminant Level (MCL) is to be set as close to the Maximum Contaminant Level Goal (MCLG) as possible. 2. An established reference dose (RfD) is defined as the amount of a contaminant to which people can be exposed over a 24-hour period without harm. 3. U.S. primary drinking water regulations are performance-based standards. 4. Secondary maximum contaminant levels (SMCLs) are enforceable drinking water standards that are set to protect public welfare. 5. A drinking water standard based on benefit-cost analysis would be set at the point where the TSB is maximized.