Pension funds ________
A) acquire access to funds by accepting deposits then using these monies to lend to households and firms
B) raise funds by selling commercial paper then lend these funds to consumers
C) are a special type of mutual fund
D) acquire access to monies through the payment of premiums by employees
D
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When expansionary fiscal and monetary policies are joined with a ________ exchange rate system, the various components of economic policy often interact in ways that lead to a crisis followed by a steep recession
A) fixed B) floating C) crawling peg D) flexible
Suppose that good X is a substitute for good Y. Then an increase in the price of good Y leads to
A. a decrease in the demand of good X. B. an increase in the demand of good X. C. a decrease in the supply of good X. D. an increase in the supply of good X.