Third-party beneficiaries are called
a. polluters
b. indirect property owners
c. free riders
d. recipients of efficient market outcomes
e. consumer surplus losers
C
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Under the Basel Accord, assets and off-balance sheet activities were sorted according to ________ categories with each category assigned a different weight to reflect the amount of ________
A) 2; adverse selection B) 2; credit risk C) 4; adverse selection D) 4; credit risk
The Fed usually sets a higher reserve requirement for savings accounts than for checking accounts
a. True b. False Indicate whether the statement is true or false
If the public expects the incumbent administration to stimulate the economy shortly before an election:
a. the unemployment rate will fall at the cost of higher inflation. b. the economy will move up the short-run Phillips curve. c. lower inflation will prevail, and the rate of unemployment will remain unchanged. d. the economy will immediately move up the long-run Phillips curve. e. neither inflation nor the unemployment rate will change.
Which of the following fiscal programs is least likely to increase aggregate demand?
What will be an ideal response?