Government is designed to handle problems not addressed by the private sector.
A. True
B. False
C. Uncertain
C. Uncertain
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The GDP deflator is the
A) difference between real GDP and nominal GDP multiplied by 100. B) difference between nominal GDP and real GDP divided by 100. C) ratio of nominal GDP to real GDP multiplied by 100. D) ratio of real GDP to nominal GDP multiplied by 100.
When a firm expands in size such that its workers can specialize in any one activity, the long-run average total cost of the firm gradually increases
a. True b. False Indicate whether the statement is true or false
Which of the following would not be counted in the U.S. balance of payments' current account?
a. Helen, an American oil engineer, is a paid adviser to Mexico. b. Exxon owns oil fields in Mexico. c. France purchases a new jet fighter aircraft from the Boeing Company in Seattle. d. Martha receives a $50 dividend check on stock she owns in a business in Mexico. e. A wealthy Italian purchases numerous antiques in the United States for his Roman villa.
Forward commitment by the Fed has which of the following impacts?
A. Forward commitment encourages lending because banks do not fear that the Fed will suddenly reverse the policy. B. Forward commitment encourages excessive lending as banks try to take control of as many reserves as possible before the policy is exhausted. C. Forward commitment eliminates all flexibility in monetary policy. D. Forward commitment creates moral hazard in lending, as banks know that the Fed will continue to pump reserves into the system.