Trade restrictions like tariffs and quotas will
a. protect American jobs and increase employment.
b. ensure that more dollars stay in the United States.
c. reduce the value of goods and services that we will be able to produce and consume.
d. make all Americans better off.
C
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Suppose the required reserve ratio is 20 percent. If banks are conservative and choose not to loan all of their excess reserves, the real-world deposit multiplier is
A) less than 5. B) equal to 5. C) greater than 5. D) equal to 20.
Bonds without a maturity date are called
A) zero-coupon bonds. B) preferred bonds. C) common bonds. D) consols.
According to the theory of liquidity preference, a decrease in the price level causes the
a. interest rate and investment to rise. b. interest rate and investment to fall. c. interest rate to rise and investment to fall. d. interest rate to fall and investment to rise.
The period between the implementation of a policy and its intended result is known as
A. the recognition time lag. B. the political action lag. C. the data lag. D. the effect time lag.