Fewer than three percent of families are poor for eight or more years
a. True
b. False
Indicate whether the statement is true or false
True
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What is the multiplier? If MPC =0.75, what is the value of the multiplier in the simple model of the economy?
What will be an ideal response?
A flexible or floating exchange rate system is one in which the:
a. government closely monitors and controls the value due to the impact on trade flows. b. government makes no attempt to fix it against any base currency. c. government actively tries to achieve fluctuations in the rate. d. government fixes the rate against the currency of its largest trading partner.
The 3 key economic questions include all of the following EXCEPT:
A. "What products do we produce?" B. "How do we produce these products?" C. "Where should these products be produced?" D. "Who consumes the products?"
When the Fed lowered short-term interest rates to near zero but the policy didn't seem to stimulate the economy enough, the Fed in 2009 also began conducting the policy of expansive buying of bonds now known as:
A. ZIRP (zero interest rate policy) B. QE (quantitative easing) C. Operation Twist D. Zero Lower Bound