A nation's market-risk premium rises if:
a. The volatility (e.g., standard deviation) of expected inflation rises.
b. The average expected inflation rate rises.
c. Security maturities lengthen.
d. All of the above.
.A
Economics
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Soldiers in a World War II prisoner-of-war camp
A) used cigarettes as money. B) used cowrie shells as money. C) used U.S. dollars as a commodity money. D) used gold as a fiat money.
Economics
Suppose an open economy is in equilibrium. Given this information, we know with certainty that
A) G = T. B) X = IM. C) S = I. D) Y = Z.
Economics