If there were no usury law the quantity of money borrowed would be $______ billion.
A. 80
B. 110
C. 130
D. 140
B. 110
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Forecasts based on the extrapolation of observed trends and relationships are likely to be accurate, if ________
A) changes in expectations are properly considered B) policy actions are anticipated C) economic behavior is guided by rational expectations D) policy changes are understood to be permanent
Higher prices may serve the public interest when:
a. there is a shortage of goods or services available b. there is an uneven distribution of traffic on alternate routes c. higher prices never serve the public interest d. both a and b
Ceteris paribus, if the Fed reduces the discount rate, then:
A. The incentive to borrow funds increases. B. Required reserves decrease. C. The money multiplier increases. D. Total reserves decrease.
An obstacle to economic growth in developing countries is:
A. The limited demand for natural resources B. The limited supply of capital goods C. A decline in population growth D. The low productivity of capital