Long-term interest rates may not closely follow short-term interest rates if
A. The required reserve ratio decreases.
B. Lenders are reluctant to make loans.
C. The Fed intervenes in the bond market.
D. People prefer to hold transactions accounts over cash.
Answer: B
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According to the above table, Alpha has comparative advantage in producing
A) pizzas. B) donuts. C) both pizzas and donuts. D) neither pizzas nor donuts.
Which nation pioneered Atlantic exploration?
a. England b. Italy c. Portugal d. Spain
A special interest group cannot impose its will on the majority because the perceived costs and benefits from government programs are the same for both groups
a. True b. False Indicate whether the statement is true or false
During World War II, the distribution of income shifted. Who did this shift favor?
(a) Labor (b) The idle and wealthy class (c) The government (d) Foreign-born individuals