Experience rating systems for pricing insurance discourage firms from spending money to try to improve their employees' health.
Answer the following statement true (T) or false (F)
False
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Alt-A mortgages are
A) mortgages which are bundled together by financial institutions and sold to investors. B) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages. C) mortgages issued to borrowers with flawed credit histories. D) government-backed mortgages issued by Fannie Mae and Freddie Mac.
If the data show that periods of high economic growth rate accompanied by high inflation rates, then changes in aggregate demand are the primary source of economic fluctuations
a. True b. False Indicate whether the statement is true or false
In the United States (and in this course), financial institutions' reserves include:
a. Cash in the vault and deposits at other institutions. b. Cash in the vault and deposits at the central bank. c. Cash in the vault and AAA corporate securities. d. Currency in circulation and checking accounts. e. Short-term Treasury bills and government deposits are institutions'.
Which of the following is likely to increase the elasticity of demand for a good?
A. A decrease in the price. B. A decrease in the availability of close substitutes. C. A longer period of time. D. A smaller share of income designated for the good in question.