According to new growth theory, technological advances can be promoted
A) from within the economy.
B) if only the right fiscal and monetary policies are in place.
C) in a few rare cases.
D) through industrial policy.
E) none of the above
A
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Suppose on any given day there is an excess supply of reserves in the federal funds market
If the Federal Reserve wishes to keep the federal funds rate at its current level, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant. A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
The Great Recession started in the:
a. U.S. real goods sector. b. U.S. real loanable funds market. c. Foreign exchange market. d. Global real goods market. e. All of the above.
Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy B. decreasing costs of inputs C. increasing output prices D. increased bureaucracy
From the perspective of the United States, an increase in the nominal exchange rate will cause which of the following?
A) the dollar becomes less expensive to foreigners B) foreign goods are more expensive to Americans C) foreign currency is more expensive to Americans D) American goods are more expensive to foreigners E) none of the above