Remember those standardised multiple-choice tests from grade school with questions like: If it takes...
Remember those standardised multiple-choice tests from grade school with questions like: If it takes two men six hours to mow a lawn, with each man taking a half-hour break every two hours, how long does it take one man with a broken leg to mow the same lawn using only one hand? So here's the question for the day: If the US economy grew 2% in the first quarter and final domestic demand rose 3% with the federal funds rate at 6.5% declining to 5%, how fast will it grow in the second quarter with the funds rate at 4.5% and headed lower? Last week's report on first-quarter gross domestic prod...
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