In the long run, an expansionary monetary policy will lead to _____
Fill in the blank(s) with the appropriate word(s).
an increase in the price level.
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A small country is an international borrower and its domestic supply of loanable funds increases. Consequently, the equilibrium quantity of loanable funds used in the country ________ and the country's international borrowing ________
A) does not change; decreases B) does not change; does not change C) does not change; increases D) increases; does not change
After World War II the average U.S. recession has lasted: a. a few months
b. about half a year. c. a little less than a year. d. about three weeks. e. about two years.
Medicaid and food stamps are:
a. forms of cash assistance. b. forms of in-kind assistance. c. available only to families. d. counterproductive.
The performance of index funds
a. usually falls short of the performance of actively-managed funds. b. provides evidence in support of the notion that stock prices do not depend upon supply and demand. c. provides evidence in support of the efficient markets hypothesis. d. provides evidence in support of the notion that stock-market participants are irrational.