The guiding principle for the conduct of monetary policy that held that as long as loans were being made for "productive" purposes, then providing reserves to the banking system to make these loans would not be inflationary became known as the
A) free reserves doctrine.
B) Benjamin Strong doctrine.
C) efficient liquidity doctrine.
D) real bills doctrine.
D
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An estimation method is unbiased if it produces a(n) ________ that equals the ________ on average
A) R2; t-statistic B) estimated coefficient; true coefficient C) error term; standard error D) estimated coefficient; residual
Based on the table showing poverty for different groups, the group with the lowest poverty rate is ______.
a. people over 65
b. Asians
c. children under 18
d. married couple families
When private benefits equal social benefits, it means that:
A. positive externalities are not present in the market. B. positive externalities are present in the market. C. no externality of any kind is present in the market. D. negative externalities are present in the market.
A market basket:
A. is a tool devised to track how changing prices affect consumers. B. includes all the goods and services consumed in an economy, including imports. C. includes all the goods and services produced in an economy. D. includes all the goods and services consumed in an economy, including net exports.