NASDAQ
a. operates under a private rule
b. is run and managed by the SEC
c. is an example of a public ordering
d. is an example of a public good
e. none of the above
Question 2
Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
b. The GDP Price Index rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
c. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative).
d. The GDP Price Index and net nonreserve-related international borrowing/lending remain the same.
e. There is not enough information to determine what happens to these two macroeconomic variables.
The 5 second rule
Rule of Nine for burns.
How to use Cramer's rule to solve a second-order determinant (Question 2)
Rule of Law and Factor Accumulation, 2009
To find derivative us the chain rule
Find derivative using quotient rule