Transfer payments resemble
A. negative taxes.
B. positive taxes.
C. exports.
D. none of these.
Answer: A
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Assume that a firm has $100 million in real assets and $90 in real liabilities. The value of its net worth would be ________
A) a negative $10 million. B) $190 million. C) $4190 billion. D) $10 million.
A mortgage-backed security is a bundle of hundreds of mortgages which represents a claim on the monthly payments made on those mortgages
a. True b. False Indicate whether the statement is true or false
Without government involvement, wages and interest rates are set by _______________.
A. price floors B. supply and demand C. price ceilings D. None of these choices are correct
The classical model's theory of the interest rate does not apply in the short run
a. True b. False