The time it takes to identify and examine the nature and seriousness of an economic problem is the _____
a. activity lag
b. decision-making lag
c. effectiveness lag
d. implementation lag
e. recognition lag
e
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The Fed influences the interest rate by using which of the following tools?
i. open market operations ii. taxes on bank accounts iii. changes in required reserve ratios A) i only B) ii only C) iii only D) Both i and iii E) i, ii and iii
____ experience lower rates of unemployment than do ____
a. Teenagers; adults b. Adult males; adult females c. Skilled workers; unskilled workers d. Black females; white females
The most dramatic and rapid increases and decreases in exchange rates occur in the
a. very short run b. short run c. long run d. very long run e. triangular arbitrage market
Eliza wants to borrow $100 from Sandy. Sandy wants to make 4% real return on his money, so they both agree on a 4% interest rate paid next year. Eliza and Sandy did not anticipate any inflation, yet the actual inflation turned out to be -5% next year. In this case
A. Eliza will pay an 9% real interest rate. B. Eliza will pay a 4% nominal interest rate. C. Sandy is better off. D. all of the above.