Why would it be a mistake to treat opportunity costs and explicit monetary costs as identical?
a. Because sometimes the market does not function well.
b. Because opportunity costs are different for different goods.
c. Because there are trade-offs involved in any decision.
d. Because of existence of efficient markets.
a
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Which of the following is an example of an expansionary monetary policy?
a. A reduction in government purchases of goods and services b. An increase in the discount rate c. An open market sale of U.S. government securities d. A reduction in the required reserve ratio e. A tax cut
Write the formula for finding the future value of $1,000 today in 10 years if the interest rate is 4 percent
Unemployment compensation is a ________ government transfer program.
A. state B. local C. federal D. municipal
In the Classical model, an increase in saving will result in saving being __________ than investment which will cause the interest rate to __________
A) greater; rise B) greater; fall C) less; rise D) less; fall