considered to be the father of modern economics; believed in…

considered to be the father of modern economics; believed in laissez-faire economics; wrote The Wealth of NationsHe organized the Encyclopedie This English philosopher who argued that at birth human have three rights; he influenced the Declaration of IndependenceHis works influenced our Constitution; he said laws underlie all things and wrote Spirit of the Lawshe introduced the idea of the separation of church and state Adam Smith Denis Diderot Locke Montesquieu Voltaire

Government economists have forecast one-year T-bill rates fo…

Government economists have forecast one-year T-bill rates for the following five years as follows: Year 1-Year Rate 1 5.50% 2 5.00% 3 4.50% 4 4.00% 5 3.50% The liquidity premium is 0.25% for the next three years and 0.50% thereafter. Would you be willing to purchase a 4-year T-note at a 5.25% interest rate using the liquidity premium theory of rates?