An expansionary fiscal policy is most likely to include a (n):
A. Increase in government expenditures and a decrease in tax rates.
B. Decrease in both government expenditures and tax rates.
C. Increase in both government expenditures and tax rates.
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Compared to a normal distribution, a lognormal distribution is least likely to be:
A. Skewed to the right.
B. Skewed to the left.
C. Useful in describing the distribution of stock prices.
According to the modern view of the Phillips curve, the actual inflation is 6%, while the expected inflation 5%, the most likely initial effect is that:
A. The natural rate of unemployment will rise.
B. Unemployment will fall below its natural rate.
C. Unemployment will rise above its natural rate.
An analyst who is a CFA institute member receives an invitation from a business associates firm to spend the weekend in a high-quality resort. In order to abide by the Standards, the analyst should (m
A. Write a memo to his supervisor notifying the supervisor of the trip.
B. Do both of the actions listed here.
C. Refuse the invitation if the associate is from a firm he analyzes for his employer.
An analyst does research on price discriminations impact. Compared to using a single price in a market characterized by monopolistic competition, using price discrimination when two customer groups ha
A. New productive ventures.
B. An increase in total output.
C. Lower prices for both groups.