The permanent income hypothesis highlights the phenomenon of ________
A) the intertemporal budget constraint
B) a binding borrowing constraint
C) autonomous consumption
D) consumption smoothing
D
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While in school, Kiki spends 20 hours a week as a computer programmer for Microsoft and studies 30 hours a week
A) Kiki is classified as a full-time worker, working 50 hours a week. B) Kiki is classified as a part-time worker, working 30 hours a week. C) Kiki is classified as a part-time worker, working 20 hours a week. D) Because Kiki is a student, she is not classified as working. E) Because Kiki is a student, she is classified as a full-time worker, working 20 hours a week at a paid job.
Why is the demand for foreign currencies known as a derived demand?
Banks try to keep their excess reserves at a maximum in order to maximize profits
a. True b. False Indicate whether the statement is true or false
Which of the following is the most frequently used tool of monetary policy?
a. changing the discount rate b. changing reserve requirements c. open market operations d. interest rate changes