The market in which banks make loans of reserves for terms of over one year is called the federal funds market
a. True
b. False
Indicate whether the statement is true or false
False
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When the United States cannot produce all of the goods and services desired by its citizens, the economy is
A) in a deep freeze. B) inefficient. C) in a shortage state. D) facing scarcity.
The problem arising in the used car market can be alleviated by
A. providing buyers with more complete information on the condition of a used car. B. sellers offering warranties. C. having third parties certify the condition of a used car. D. All of these statements are true.
The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period.
A. 1948–1973 B. 1973–1995 C. 1995–2005 D. 1948–2005
After the Fed sells a government bond, which of the following is the impetus for the money supply process that follows?
a. Banks now have excess reserves. b. Banks now have deficient reserves. c. Banks must print money to purchase the bonds. d. Banks now have to hold more required reserves. e. Banks now must be regulated closely.