Once the federal funds rate is reduced to zero, conventional restrictive monetary policy is no longer an option
a. True
b. False
Indicate whether the statement is true or false
False
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A short-run open-economy model with demand shocks can analyze the effect on _____ if output prices and factor prices are sticky.
A) inflation B) real economic activity (real GDP and unemployment) C) long-run variables D) expectations
When your manager completes a job review with you regarding your performance they give you
a. feedback b. goals c. equity d. growth
If a product is a necessity and has no substitutes at all, demand for the product is most likely to be:
A. very inelastic. B. inelastic. C. unit elastic. D. elastic.
A lender faces a(n) ________ problem if borrowers with a greater chance of defaulting on their loans get loans from the lender.
A. free?rider B. external cost C. moral hazard D. adverse selection