A savings bank is a depository institution that ________
A) sells shares which it uses to purchase shares in U.S. Treasury bills
B) makes mostly home-purchase loans
C) is owned by a social or economic group
D) makes mostly consumer loans
B
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The Great Recession that started in 2007 was triggered by shocks in which of the following economic sectors?
A. consumer and government spending B. real estate and financial markets C. international trade and foreign exchange markets D. gold market and stock market
A decline in domestic output would cause a ________ in net exports and a ________ in the exchange rate
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
An increase in government expenditures that ________ the budget deficit in an example of ________
A) raises, automatic stabilization B) raises, discretionary fiscal policy C) lowers, automatic stabilization D) lowers, discretionary fiscal policy
The terms of trade equation is written as
a. index of export prices – index of import prices b. 100 × (index of import prices × index of import prices) c. 100 × (index of import prices + index of export prices) d. 100 × (index of import prices/index of export prices) e. 100 × (index of export prices/index of import prices)