Which of the following is a similarity between a second-price sealed-bid auction and an English auction?
A) Bids are placed privately in both the auctions.
B) Bids are placed publicly in both the auctions.
C) Bidders place their bids simultaneously in both the auctions.
D) The winner pays an amount equal to the second-highest bid in both the auctions.
D
Economics
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For a small-denomination certificate of deposit to be included in M2 it must be a denomination of less than
A) $1,000. B) $100,000. C) $1,000,000. D) $10,000.
Economics
According to the Taylor rule, if output is above its full-employment level and inflation is less than 2%
A) the Fed should raise the Fed funds rate above 4%. B) the Fed should reduce the Fed funds rate below 4%. C) the Fed should make the Fed funds rate exactly 4%. D) what the Fed should do is ambiguous.
Economics