Rising economic indicators typically signal ________ in the economy.
A. expansion
B. depression
C. recession
Ans: A. expansion
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As of the end of 1994, which of the countries in our survey had the closest match in size between its stock and banking markets?
A) The United Kingdom B) The United States C) Japan D) Germany
Lower interest rates cause the velocity of M1 to
A) turn negative. B) move erratically. C) increase. D) decline.
Monopolistic competition in long-run equilibrium is characterized by
a. excess capacity. b. higher cost per unit of output than under perfect competition. c. inefficiency in use of resources. d. All of the above are correct.
During the financial crisis of 2008-2010, the Fed
a. increased its purchases of securities and other financial assets and extended more loans, which expanded the monetary base. b. increased its purchases of securities and other financial assets and extended more loans, which reduced the monetary base. c. reduced its purchases of securities and other financial assets and extended fewer loans, which expanded the monetary base. d. reduced its purchases of securities and other financial assets and extended fewer loans, which caused the monetary base to decline.