The 2001 amendment to the Commodity Credit Corporation (CCC) loan program tends to
A. Reduce downward price swings.
B. Intensify upward price swings.
C. Reduce upward price swings.
D. aggravate downward price swings.
Answer: D
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Keynesians disagree with the new classical model because
a. people are often irrational. b. wages are often negotiated through contracts, not auctions. c. people do not form expectations. d. wages are set to clear auction markets in both the short run and long run. e. all of the above
In the regression model Yi = ?0 + ?1Xi + ?2Di + ?3(Xi × Di) + ui, where X is a continuous variable and D is a binary variable, ?2
A) is the difference in means in Y between the two categories. B) indicates the difference in the intercepts of the two regressions. C) is usually positive. D) indicates the difference in the slopes of the two regressions.
If the purchasing power of your savings is increasing over time, we know that:
A. the real rate of interest is positive. B. if the nominal interest rate is zero, inflation must be negative. C. the inflation rate must be less than the nominal rate of interest. D. All of these statements are true.
"One of the failings of a market system is the damage to the environment. Pollution would not exist with a centrally planned economy." Evaluate this statement