Starting last december, one of the three major credit-score trackers, experian, added paying monthly rent as one of its criteria for calculating a credit score. the other two major credit-score trackers, transunion and equifax, still count only negative rent payment history toward a credit score. describe two consumer groups that could benefit from experian’s credit-score formula change.

The distinction between a normal and an inferior good is

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.