In the long run, an increase in consumer spending would cause output to ________ and the price level to ________
A) rise; rise
B) rise; stay constant
C) stay constant; stay constant
D) stay constant; rise
D
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Attempting to answer the question of how much a life is worth is a job undertaken by
A) macroeconomists. B) forensic economists. C) economic theorists. D) environmental economists.
A one-year bond has an interest rate of 5% today. Investors expect that in one year, a one year bond will have an interest rate equal to 7%
According to the expectations theory of the term structure of interest rates, in equilibrium, a two-year bond today will have an interest rate equal to A) 3.0%. B) 5.0%. C) 5.5%. D) 6.0%.
The interest rate that a commercial bank pays when it borrows from the Fed is the __________ rate
A) discount B) exchange C) federal D) bank
Suppose a long stretch of beach with many possible public and private entrances is such that it is impossible to control access and, as a result, gets very crowded on summer days. Which recognized characteristic of goods does not hold
A. rivalry. B. morality. C. lucidity. D. exclusivity.