Attempts by a central bank to increase bank deposits without a decrease in nominal short-term interest rates are referred to as ________
A) quantitative easing
B) credit channeling
C) open market operations
D) liquidity provision
A
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Any change that reduces desired saving relative to desired investment (for a given level of output) causes the real interest rate to ________ and shifts the IS curve ________
A) increase; down and to the left B) increase; up and to the right C) decrease; down and to the left D) decrease; up and to the right
The real business cycle model best explains the procyclicality of the nominal money supply by
A) an unpredictable Federal Reserve. B) exogenous money. C) endogenous money. D) uncorrelated money.
An increase in the money wage rate shifts the short-run aggregate supply curve...
What will be an ideal response?
________ market is characterized by the fact that profit opportunities are eliminated almost instantaneously.
A. An inefficient B. An efficient C. A command D. A government-controlled