Changes in the federal funds rate:
A) change the long-run expected interest rates in the same direction.
B) change the long-run expected interest rates in the opposite direction.
C) can change the long-run expected interest rate either in any direction depending on the magnitude of the change in the federal funds rate.
D) have no effect on the long-run expected interest rate.
A
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Rank the following goods from least to most elastic: gasoline, Unocal gasoline, gasoline at Murph's Unocal Station
A) Gasoline, Unocal gasoline, gasoline at Murph's Unocal Station B) Gasoline, gasoline at Murph's Unocal Station, Unocal gasoline C) Gasoline at Murph's Unocal Station, Unocal gasoline, gasoline D) Unocal gasoline, gasoline at Murph's Unocal Station, gasoline E) Unocal gasoline, gasoline, gasoline at Murph's Unocal Station
Provide three rationales for government involvement in health care markets. Which is the most recent?
What will be an ideal response?