The interest rate that commercial banks charge each other for very short-term loans is called the ________.
A. federal funds rate
B. prime rate
C. commercial paper rate
D. Federal Reserve discount rate
Answer: A
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Consider the following hypothetical data for a developing country:
Year Total Debt ($ bn) Debt/Export (%) GDP Growth Inv. Growth 1 6 134 0.6% –1.0% 2 6.5 147 2.9% 1.1% 3 7 159 5.1% 1.6% 4 7.5 174 6.4% 2.4% 5 8 198 1.1% –0.6% Does this country have a debt crisis? What additional pieces of quantitative or qualitative evidence (if any) would help you to decide?
A capital ________ can promote financial instability in an emerging-market country because it is what forces a country to ________ its currency
A) inflow; devalue B) inflow; revalue C) outflow; devalue D) outflow; revalue
The tax cut of 1964 (proposed by President Kennedy): a. was the last time fiscal policy was used
b. was the greatest failure as a demand-management tool. c. actually increased investment, consumption, and employment. d. shifted the aggregate demand curve leftward. e. was the first time the focus moved away from managing aggregate demand to focusing exclusively on aggregate supply.
Which of the following is a question answered with positive economic analysis?
A. Should the college provide more financial aid assistance? B. Should the college offer free parking for students? C. If the college increased tuition, will class size decline? D. Should the college cut tuition to stimulate enrollment?