National banks are chartered by the
A) Office of the Comptroller of the Currency.
B) Office of Bank Supervision.
C) Securities and Exchange Commission.
D) Office of Management and the Budget.
A
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
In the above figure, the marginal cost curve is curve
A) A. B) B. C) C. D) D.
The country of Zincosa is in an economic slump with a very high unemployment rate. The stock market has crashed, and business confidence is at a low. Interest rates have fallen to 0.05, and the economy is in a liquidity trap. Facing such a crisis, the central bank of the country decides to purchase billions of dollars in bank debt and securities. Which of the following factors would most likely
have influenced the central bank to take such a step? a. The crash of the stock market b. A high rate of inflation c. A low rate of inflation d. The low interest rates
Exports ________ GDP and imports ________ GDP.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease