In 2012 the federal budget was almost
A. 1 million pages long.
B. 17 pages long.
C. 1,300 pages long.
D. 500 pages long.
C. 1,300 pages long.
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Critics of stabilization policy argue that monetary and fiscal policies affect the economy with _____
Fill in the blank(s) with correct word
Which of the following is a flow concept?
A. Wealth B. Gallons of water in a pool C. Body weight D. Expenditures
If ABC Inc and XYZ Inc have returns that are perfectly positively correlated:
A. adding ABC Inc to a portfolio that includes only XYZ Inc will increase risk. B. adding XYZ Inc. to a portfolio that consists of only ABC Inc. will neither increase nor decrease the risk of the portfolio. C. adding XYZ Inc to a portfolio that consists of only ABC Inc will neither increase nor decrease idiosyncratic risk but will lower systematic risk. D. adding XYZ Inc to a portfolio that consists of only ABC Inc will reduce risk.
The classicals said that recessions are _____ because the economy is _____.
Fill in the blank(s) with the appropriate word(s).