From 1981 to 2011, the unemployment rate in the United States
A) was always lower than the unemployment rate in Japan.
B) almost always equaled the unemployment rate in Canada.
C) generally rose while the unemployment rate in the Eurozone fell.
D) was generally lower than the unemployment rate in the Eurozone.
E) was usually higher than the unemployment rate in Canada.
D
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The commercial banks in Lendland have
Reserves $400 million Loans $3,600 million Deposits $4,000 million Total assets $4,600 million The banks hold no excess reserves. a) Calculate the banks' reserve ratio. b) An immigrant arrives in Lendland with $5 million, which he deposits in a bank. How much does the immigrant's bank lend initially?
Covered interest arbitrage involves both
A) the purchase of a foreign asset and a forward contract in the market for foreign exchange. B) the purchase of a domestic asset and a spot contract in the market for foreign exchange. C) the sale of a foreign asset and the purchase of a forward contract in the market for foreign exchange. D) the sale of domestic stocks and the purchase of foreign bonds. E) None of the above.
The Keynesian theory of money demand predicts that people will increase their money holdings if they believe that
A) interest rates are about to fall. B) bond prices are about to rise. C) expected inflation is about to fall. D) bond prices are about to fall.
A lower interest rate
A) lowers the marginal propensity to consume out of permanent income. B) raises the marginal propensity to consume out of permanent income. C) lowers the proportion of actual income considered to be permanent income. D) raises the proportion of actual income considered to be permanent income.