In the market for reserves, a lower discount rate
A) decreases the supply of reserves.
B) increases the supply of reserves.
C) lengthens the vertical section of the supply curve of reserves.
D) shortens the vertical section of the supply curve of reserves.
D
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In the neoclassical growth model without technological progress, in the steady-state the level of capital increases at
a. the growth of technology plus the growth of population. b. the growth of technology plus the growth of population plus depreciation. c. the growth of technology. d. the growth of population.
The t-statistic measures
A) the efficiency of the t-test relative to the standard z-test. B) the probability that the estimated coefficient is within the range of the standard error. C) whether the estimated coefficient is independent of the standard error. D) whether the estimated coefficient is large relative to the standard error.
The major problem with running a functionally organized firm is
a. Measuring divisions' performance b. Tying pay to performance c. Ensuring that the functional divisions are working towards a common goal d. All of the above
Define the following terms and explain their importance to the study of macroeconomics: a. Phillips curve b. rational expectations c. indexing d. stagflation
What will be an ideal response?