Which of the following goods is the most liquid?
A. Painting by Degas
B. Checking account
C. Home-baked cookies
D. Gold watch
B. Checking account
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If an apartment owner charged ________ than a specified rent for housing, the government ________ impose a rent ceiling
A) more; can B) more; cannot C) less; can D) less; cannot E) less; might
If an economy is in a liquidity trap, then the nominal interest rate is ________ and the only effective policy that can be used to stimulate the economy is ________
A) zero or negative; expansionary fiscal policy B) zero or negative; expansionary monetary policy C) high and rising; contractionary monetary policy D) high and rising; expansionary monetary policy E) high and rising; expansionary fiscal policy
Which of the following statements about the "separate but equal" provision of Plessy v. Ferguson is MOST accurate?
a. resulted in African-American schools that were comparable to white schools. b. resulted in African-American schools that were preferable to white schools in the South. c. did not seriously hamper the labor market experience of African-Americans. d. led to the creation of African-American schools that were systematically under funded.
According to the monetarists, government intervention can stabilize the economy and minimize the effect of business cycles
a. True b. False Indicate whether the statement is true or false