The ZIRP (zero interest rate policy) of the Fed led to the so-called zero lower bound problem, which refers to the problem of:
A. Having a very low level of employment with zero new jobs created
B. Huge budget deficits leaving the government no more ability to spend
C. Interest rates that can't go any lower, i.e. they cannot be driven down below zero
D. Zero real-GDP growth due to very weak aggregate demand
C. Interest rates that can't go any lower, i.e. they cannot be driven down below zero
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It is not surprising to see a rather __________ volume of mergers and acquisitions in Japan given its __________-oriented financial system
A) high; banking B) high; markets C) low; banking D) low; markets
A restaurant owner hires a waiter to serve food to customers and clear the tables. The owner wants the waiter to be prompt in bringing out the food and clearing the table once the guests are finished with their meal. The waiter is paid a salary and cannot accept tips. The waiter would prefer to check their Facebook account and take their time waiting the tables. If the waiter does spend
considerable time checking their Facebook while the owner is not at the restaurant, the owner can motivate the waiter to be prompt waiting tables (and stop checking Facebook) in each of the following ways except which one? A) Lower the waiter's salary, but allow the waiter to earn a percentage of the restaurant's profit. B) Lower the waiter's salary, but pay the waiter a bonus based on the number of tables served in an evening. C) Lower the waiter's salary, but allow the waiter to collect tips from customers. D) Offer the waiter a higher salary.
The program that was created to provide rebates of Social Security taxes to low-income workers is
A) Supplemental Security Income. B) food stamps. C) Earned Income Tax Credit program. D) TANF.
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Oil prices b. Real GDP c. Quantity of real credit per time period d. Quantity of currency per time period e. All of the above are exogenous variables.