Interest rate volatility is a problem because:

A. it decreases risk.
B. financial decisions become less difficult when interest rates are more volatile.
C. it can impact productivity in a positive way.
D. it adds to uncertainty, thereby diminishing the investment.


Answer: D

Economics

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If a household has a single woman and three kids, has a standard deduction of $6,300, has itemized deductions of $5,650, and personal exemptions of $12,000 (3*$4,000), then the first ________ of income is federal income tax free.

A. $28,950 B. $17,650 C. $11,950 D. $18,300

Economics

The general term elasticity refers to a relationship between

a. quantity demanded and price only b. quantity supplied and price only c. quantity supplied or demanded and price only d. quantity supplied or demanded and anything other than price e. percentage changes in any two variables

Economics

Perfectly competitive firms are price takers because

a. each firm is too small compared to the market to be able to affect price b. one firm determines price and all other firms accept this price c. firms take the price that government determines d. firms must accept any price consumers offer them e. firms earn high profits by "taking" consumers

Economics

The model of aggregate demand and aggregate supply can NOT be used to:

A. discuss the pros and cons of income tax cuts. B. evaluate a tax cut's effect on short run economic fluctuations. C. assess a tax cut's effect on longer run issues such as the national debt. D. to discuss income distribution.

Economics