Which of the following is correct?
a. The Fed has very good control over the money supply and bank reserves.
b. The Fed has very poor control over the money supply and bank reserves.
c. The Fed has very good control over bank reserves but not over the money supply.
d. The Fed has very good control over the money supply but not over bank reserves.
c
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In comparing China to Canada, China's relatively ________ growth rate in GDP would make you more likely to take a job in China, and China's relatively ________ level of GDP would make you less likely to take a job in China
A) low; low B) high; low C) high; high D) low; high
If the self-correcting mechanism operates quickly,
a. direct intervention is less necessary to close a recessionary gap. b. fiscal stimulus is far more useful in closing a recessionary gap than monetary policy. c. monetary policy is far more useful in closing a recessionary gap than fiscal policy. d. fiscal stimulus is ineffective and inflation will occur.
The fixed basket of Econoland consists of 10 units of A, 20 units of B, and 30 units of C. Current prices are $1 per unit of A, $2 per unit of B, and $3 per unit of C. Base year prices are $1 for each unit of A, B, and C. What is the CPI in the current year?
A) 140 B) 43 C) 233 D) 430 E) 100
Between 1836 and 1851 travel time between New York and Chicago was cut from
A. a month to two days. B. a month to a week. C. two weeks to one week. D. two weeks to two days.