In 2009, ______________ of Americans owed no federal income taxes.
A. 60%
B. 47%
C. 38%
D. 26%
B. 47%
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If country X has a higher capital per person than country Y, then ________
A) country X is richer than country Y B) the only way for country X to be richer than country Y is if X is just as productive (has the same TFP) as Y C) the only way for country Y to be richer than country X is if Y is more productive (has a higher TFP) than X D) the only way for country X to be richer than country Y is if X is less productive (has a lower TFP) than Y E) none of the above
Historically, most harmful bubbles are characterized by
a. investment in stocks. b. the sale of Treasury bills. c. heaving borrowing. d. reliance on technology.
If the market federal funds rate were above the target rate, the response from the Fed would likely be to:
A. lower the IOER. B. lower the discount rate. C. sell U.S. Treasury securities. D. purchase U.S. Treasury securities.
Lower rates of inflation increase planned spending because:
A. the Fed reacts to the lower inflation by lowering interest rates. B. resources are redistributed from high-spending households to low-spending households. C. the reduction in wealth, resulting from the reduced real value of money, restrains spending. D. the prices of domestic goods sold abroad increase (with a constant exchange rate).