Historical data suggests that a trend toward ________ natural employment ________
A) larger, deficits from the early 1960s to the mid-1980s.
B) larger, surpluses form the early 1960s to the mid-1980s.
C) smaller, surpluses form the mid-1980s to 1995.
D) larger, surpluses from the mid-1980s to 1995.
A
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Refer to Figure 26-11. In the dynamic model of AD-AS in the figure above, the economy is at point A in year 1 and is expected to go to point B in year 2, and the Federal Reserve pursues policy. This will result in
A) real GDP lower than what would occur if no policy had been pursued. B) short-term interest rates higher than what would occur if no policy had been pursued. C) unemployment rates higher than what would occur if no policy had been pursued. D) inflation higher than what would occur if no policy had been pursued.
If the Federal Reserve sells $1,000 in bonds and the required reserve ratio is 0.1 (assume banks hold no excess reserves) what will be the total change in reserves at all banks?
a. $10,000 b. $1,000 c. -$10,000 d. -$1,000 e. -$1,100
According to the globalized AS/AD model, expansionary monetary policy shifts the AD curve to the right and:
A. shifts potential output to the right. B. has no effect on goods inflation. C. increases goods inflation. D. shifts potential output to the left.
Predatory dumping occurs when
A) foreign firms sell below cost with the intent to drive firms out of the domestic market. B) foreign firms sell below cost because the product is perishable. C) foreign firms sell at a price that is below the price of domestic firms. D) foreign firms sell at a price that covers the cost of their variable inputs.