_________ policy focused on educational spending and building the skills of the workforce generally contributes to a higher rate of economic growth.
a. Fiscal
b. Monetary
c. Investment
d. Taxation
a. Fiscal
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If a borrower takes out a $200 million loan in a repo agreement and is asked to post $220 million of mortgage-backed securities as collateral, the "haircut" is
A) 5%. B) 10%. C) 20%. D) 50%.
Suppose the Bureau of Labor Statistics interviews 194,000 people in its monthly survey: 91,300 are not in the labor force, 94,000 are employed, 6650 are unemployed, and 1,150 are in the armed forces. What is the unemployment rate the BLS announces?
A) 4.95 percent B) 3.94 percent C) 7.0 percent D) 6.55 percent E) 6.48 percent
We observed that the price of a good rises and the quantity purchased also rises. Everything else being equal, it is consistent that
a. the price of a substitute good fell. b. the price of a complement rose. c. income rose. d. costs of inputs increased.
The new classical model implies that a
a. budget surplus will effectively retard inflation emanating from excess demand. b. budget deficit will increase the real interest rate. c. substitution of debt for tax financing will leave aggregate demand and real output unchanged. d. planned budget deficit will be a highly effective tool to combat a recession.