What was the rate of growth of real GDP from 1960 to 2010?
a. 19%
b. 81%
c. 110%
d. 376%
d. 376%
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The Fed buys $100 million U.S. government securities from Bank of America. Bank of America's balance sheet shows this transaction as ________ in total assets and ________ in reserves
A) no change; a $100 million decrease B) no change; a $100 million increase C) a $100 million increase; no change D) a $100 million increase; a $100 million increase E) a $100 million decrease; a $100 million decrease
A shift to the left by the IS curve can be achieved by all of the following, EXCEPT a(n):
A) decrease in government spending. B) increase in taxes. C) increase in the foreign interest rate. D) increase in the domestic price level.
The real business cycle model focuses on how
A) wage and price stickiness explains fluctuations in real GDP. B) the labor theory of value is the best measure of value of a good or service. C) the Federal Reserve should adopt a monetary growth rule. D) productivity shocks explain fluctuations in real GDP.
When a bank takes savings from many small savers and lends it to many borrowers, the bank:
A. decreases the risk to savers through economies of scale. B. decreases the risk to savers through diversification. C. increases the risk to borrowers through high transaction costs. D. decreases the return to savers and increases the cost to borrowers.