Ball found that an important factor affecting the sacrifice ratio is
A) the flexibility of the labor market.
B) the shape of the yield curve.
C) the real interest rate.
D) the tightness of fiscal policy.
A
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What is the present value of $960 in one year if the current rate of interest is 6 percent?
A) $676.76 B) $905.66 C) $1,017.60 D) $1,449.46
If two goods are complementary,
a. a decrease in the price of one good will lead to a decrease in the demand for the other b. the cross elasticity of demand is zero c. an increase in the price of one good will lead to an increase in the demand for the other d. the cross elasticity of demand is positive e. a decrease in the price of one good will lead to an increase in the demand for the other
A negative income tax system would
a. make taxes more regressive. b. sever the link between tax policy and income distribution. c. collect from high-income households and give transfers to low-income households. d. eliminate progressive tax rates.
Which of the following is NOT a part of the Federal Reserve System?
A. the Board of Governors B. the Twelve District Federal Reserve banks C. the Federal Deposit Insurance Corporation D. the Federal Open Market Committee