Keynesians are most likely to:
A. include discouraged workers in their calculation of the unemployment rate.
B. believe actual unemployment equals target unemployment.
C. believe unemployment is not a problem.
D. exclude discouraged workers in their calculation of the unemployment rate.
Answer: A
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The interest rate that the Fed charges on loans made directly to banks is called ________.
A. the prime rate B. the discount rate C. interest on reserves D. the federal funds rate
For the period 1947-2012 in the United States, the price level was
A) acyclical. B) bicyclical. C) procyclical. D) countercyclical.
Other things being equal, during a period when the federal government issues more Treasury securities to borrow funds
A) the flow of government expenditures during that period must exceed the flow of tax revenues. B) the flow of government expenditures during that period must exceed the stock of tax collections. C) the stock of government deficit spending during that period must exceed the flow of tax revenues. D) the stock of government deficit spending during that period must exceed the stock of tax collections.