How did the Fed peg interest rates during World War 2?
A) by setting a low federal funds rate
B) by agreeing to purchase any bonds that were not purchased by private investors
C) through extensive use of discount loans
D) through nationalization of the banking system
B
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Deciding to engage in tax evasion requires consideration of all of the following, except the
A. probability of being caught. B. probability of conviction if caught. C. probability of winning extra money. D. costs of defending oneself.
When a temporary negative supply shock hits the economy, then in the short-run ________
A) if the central bank focuses on stabilizing output, it cannot stabilize inflation B) if the central bank focuses on stabilizing inflation, it cannot stabilize output C) the divine coincidence does not hold D) all of the above E) none of the above
Solutions to structural stagnation require difficult supply-side structural changes to accompany any demand-side stimulus if they are to be successful in reducing unemployment significantly.
Answer the following statement true (T) or false (F)
The game in the figure shown is a version of:
A. a sequential game. B. an ultimatum. C. a simultaneous game. D. a cooperative game.