After two rounds of quantitative easing, the money supply was:
A. $3 trillion, more than triple the amount pre-crisis.
B. $2 trillion, nearly double the amount pre-crisis.
C. $1 trillion, nearly the same as the amount pre-crisis.
D. $2 trillion, still less than the amount pre-crisis.
A. $3 trillion, more than triple the amount pre-crisis.
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Two random variables X and Y are independently distributed if all of the following conditions hold, with the exception of
A) Pr(Y = y = x) = Pr(Y = y). B) knowing the value of one of the variables provides no information about the other. C) if the conditional distribution of Y given X equals the marginal distribution of Y. D) E(Y) = E[E(Y )].
Airlines charge a ____________price to business travelers compared to leisure travelers because business travelers have a ____________ demand than leisure travelers
a. Higher; more elastic b. Higher; less elastic c. Lower; more elastic d. Lower; less elastic