The Federal National Mortgage Association (FNMA), also known as Fannie Mae, was established in ________to ____________ demand in the housing market
A) 1970; increase
B) 1938; increase
C) 1938; decrease
D) 1970; decrease
B
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The nominal interest rate in Autarkia has risen sharply after a change in a government policy. How will this affect the economy if the wages in the country are downwardly rigid?
What will be an ideal response?
Which of the following is not likely to be true in a command economy?
a) Businesses may pursue social objectives. b) The profits of the business belong to the government. c) Resources are allocated by government directives. d) Market forces determine what is produced and who receives the products.
A continuing increase in the growth of the money supply is likely followed by
A) a recession. B) a depression. C) an increase in the price level. D) no change in the economy.
If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:
a) 8.0 percent. b) 7.4 percent. c) 50.0 percent. d) 4.0 percent.