Funds are channeled from savers to borrowers indirectly through ________ and directly through ________
A) financial intermediaries; financial markets
B) financial markets; financial intermediaries
C) main banks; branches
D) broker; agents
A
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Residential investment plunged quite noticeably ________ the start of the 1973-1975 and 1981-1982 recessions, with the prospect that recent financial deregulation would make it ________ sensitive to future changes in monetary policy
A) after, more B) after, less C) before, more D) before, less
An economy with population 500 million has a research and development productivity of 0.0005, and its output per person has risen from one period to the next along its balanced growth path from 350 to 362.5
The fraction of this economy's population engaged in research and development is ________. A) 14% B) 2.5% C) 3.6% D) 10 %
The budget line will shift parallel to the right if:
A. income increases. B. income decreases. C. the price of the good on the vertical axis increases. D. the price of the good on the vertical axis decreases.
Assume that the economy is in a recession with a price level of P1 and output level Q1. The government then adopts an appropriate discretionary fiscal policy. What will be the most likely new equilibrium price level and output?
Refer to the graph above.
A. P2 and Q4
B. P1 and Q1
C. P2 and Q2
D. P1 and Q3