Which of the following is an example of the Fed's use of unconventional monetary policy?
a. buying assets other than Treasury bills
b. participating in rescue operations for troubled financial institutions
c. lending massive amounts to banks and other financial institutions
d. all of the above
d
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If the elasticity of demand for the latest American Idol album is 1.4, this means
A. few substitutes for the American Idol album exist. B. a 10% decrease in the price leads to a 140% increase in quantity demanded. C. a 5% increase in the price leads to a 7% decrease in quantity demanded. D. a 1% increase in the price leads to a 14% decrease in quantity demanded.
If the price of gasoline was $3.25 a gallon and it is now $3.75 a gallon, what is the percentage change in price?
A) 7.1 percent B) 13.3 percent C) 15.4 percent D) 33.3 percent
If changes in economic policy could cause the growth rate of real GDP to increase by 1% per year for 100 years, then GDP would be ________ % higher after 100 years than it would have been otherwise
A) 1.3 B) 2.0 C) 2.7 D) 3.8
In many countries, the system of titling is:
A. weak, slowing economic development. B. weak, allowing more and faster investment. C. strong, slowing the amount of property transfer. D. strong, slowing economic growth.