The use of expansionary fiscal and monetary policy just prior to elections is known as the ________
A) electoral college
B) time-inconsistency problem
C) Watergate scandal
D) political business cycle
D
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Between 1900 and the mid-1970s the average workweek fell from ____ hours to less than ____ hours.
Fill in the blank(s) with the appropriate word(s).
To increase the money supply using the reserve requirements, what would the Fed typically do?
A. increase the reserve requirement for banks B. reduce the reserve requirement for banks C. make each bank set its own reserve levels D. let each bank get more currency from the Treasury
Which of the following is an example of double counting in regards to GDP?
a. counting the value of two products often bought together, such as chips and dip b. counting the value of sweaters that are inferior quality c. counting the value of plastic used to make model kits as well as the final kit itself d. counting the value of products that have two or more components such a TV with a remote control
If a one-year bond is purchased for $700 and the interest rate is 5 percent, what will it pay in one year?
A) $35 B) $665 C) $735 D) $770