Through correspondent banking, large banks provide services to small banks, including
A) loan guarantees.
B) foreign exchange transactions.
C) issuing stock.
D) debt reduction.
B
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Can nominal GDP increase even when real GDP decreases?
A) No, it is not possible. B) Yes, but only if the price level decreases. C) Yes, but only if the price level increases. D) Yes, but only if the price level remains unchanged.
In the two-period utility maximization model the opportunity cost of one unit of C1 is
a. one unit of C0. b. 1 + r units of C0. c. 1/(1 + r) units of C0. d. cannot be determined without more information.
Market interest rates are determined solely by people's willingness to loan funds, that is, their rate of time preference
Indicate whether the statement is true or false
In the fall of 2007, most economists felt that the
A. unemployment was at the natural rate. B. unemployment rate was below the natural rate. C. inflation rate was above the natural rate. D. inflation rate was below the natural rate.