Monetary and fiscal policy measures won't help end a recession, according to the _________ school of thought.
Fill in the blank(s) with the appropriate word(s).
rational expectations (new classical)
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In the United States for the last 40 years, the nominal interest rate
A) and the real interest rate both decreased in almost every year. B) and the real interest rate were both constant in almost every year. C) was constant in most years and the real interest rate fluctuated. D) exceeded the real interest rate in virtually all the years. E) exceeded the real interest rate in about one half of the years and the real interest rate was greater than the nominal interest rate in the other half of the years.
A "Jumbo" CD is one in excess of
A) $1,000. B) $10,000. C) $50,000. D) $100,000.
International capital mobility refers to
A) the ease with which manufacturing equipment can be transported across countries. B) the ease with cash may be transferred from one country to another without having to be converted into a foreign currency. C) the ease with which investors move funds among international financial markets. D) the ease with which exchange rates may be adjusted to reflect changes in the relative economic strengths of countries.
A difference between a perfectly competitive market equilibrium and a perfect price discrimination equilibrium is that in a competitive market ________, whereas in perfect price discrimination ________
A) all units are sold where P = MC; only the last unit sold is at P = MC B) deadweight loss varies depending on the shape of the MC curve; deadweight loss increases C) consumers are better off; producers lose some sales due to high prices. D) All of the above.