Tariffs ________ a deadweight loss and import quotas ________ a deadweight loss

What would you expect the market value to be for a four year bond that has a face value of 10,000 and a coupon return of $2000 when the market interest rate is 6%?

A) $14,851.15 B) $6,930.21 C) $13,742.22 D) $18,000.00

Given the uncertainty about the effects of macro policy, economists generally propose that

A) macro policies should be more active, the lower the level of unemployment or inflation. B) changes in money growth should only be used for fine tuning the economy, not for correcting large imbalances (such as high inflation). C) money growth should be set at zero by constitutional amendment. D) elected officials should have more input in the determination of monetary policy. E) none of the above