Direct finance refers to the flow of funds from savers to borrowers through financial markets
Indicate whether the statement is true or false
TRUE
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Countercyclical fiscal policy has a serious problem with
a. the timing of its enactment and impact. b. the easy reversibility of policy. c. the tendency of the Federal Reserve to immediately counter Congressional action. d. the courts as it has been held to be unconstitutional. e. Presidential executive orders.
Banks try to keep their excess reserves at a maximum in order to maximize profits
a. True b. False Indicate whether the statement is true or false
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Macroeconomics might study which of the following?
A) the causes of domestic unemployment B) decision making undertaken by firms C) decision making undertaken by households D) determinants of the prices of rare goods (e.g., diamonds)