Based on the graph showing the effective federal funds rate, the downturn in interest rates after the 2001 recession lasted ______.
a. a shorter time than most downturns
b. a longer time than most downturns
c. about the same time as most downturns
d. five years longer than any previous downturn
b. a longer time than most downturns
You might also like to view...
List four things considered to be shortcomings in the determination of GDP in relation to the use of GDP as a measure of welfare
What will be an ideal response?
In practice, you may want to use the OLS estimator instead of the WLS because
A) heteroskedasticity is seldom a realistic problem B) OLS is easier to calculate C) heteroskedasticity robust standard errors can be calculated D) the functional form of the conditional variance function is rarely known
The socially optimum equilibrium occurs where the private cost curve intersects the demand curve
a. True b. False Indicate whether the statement is true or false
Which of the following would most likely move the economy into a recession in the short term?
A. The central bank printing less money than was expected. B. Invention of a new product that most consumers want to buy. C. Innovations in management that enhance worker productivity. D. Congress passing a reduction in personal income tax rates.