An example of a public good is national defense services
Indicate whether the statement is true or false
TRUE
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If expectations are rational,
a. a predictable change in inflation can make the expected inflation rate deviate from the actual rate. b. unemployment can exceed the full-employment rate even in the long run. c. the difference between the actual inflation rate and the expected inflation rate must be a purely random number. d. the inflation rate cannot be reduced without a period of high unemployment because the Phillips curve is downward sloping.
Which of the following was a result of the Dodd-Frank Act?
a. restricted bank activities b. established a new consumer protection agency c. tougher regulations for banks d. All of the above
Tying can be thought of as a form of price discrimination
a. True b. False Indicate whether the statement is true or false
$500 invested at an annual interest rate of 8 percent will be worth how much at the end of one year?
A. $504. B. $508. C. $540. D. $580.