In general, the amount people pay for insurance is:
A. higher than its future value.
B. lower than its expected value.
C. lower than its present value.
D. higher than its expected value.
Answer: D
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How has income inequality changed in recent years? What factors account for the changes?
What will be an ideal response?
The IS curve has a positive slope because a(n) __________ in the interest rate leads to a(n) __________ in desired investment and this leads to an increase in GDP
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Which of the following is not a basic monetary policy tool used by the Fed?
A. The discount rate. B. The reserve requirement. C. Taxes. D. Open-market operations.
Policymaking that is carried out in response to a rule is
A. determined policymaking. B. restrictive policymaking. C. passive policymaking. D. active policymaking.