In a survey of forecasters toward the end of the financial crisis of 2007-2009, forecast inflation rates for the next decade in the United States were:
A. 4%.
B. 7%.
C. 0%.
D. 2%.
Answer: D
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When current economic conditions are bad, people are ____________ inclined to save, and when they predict bad future economic conditions they are ____________ inclined to save now.
A. less; more B. less; less C. more; more D. more; less
Which principle tells you that the true cost of something is the next best alternative you have to give up to get it?
a. The marginal principle b. The interdependence principle. c. The opportunity cost principle d. The cost-benefit principle.
If you knew that the intercept for a straight line was 12, and that if the value of the independent variable was 3 the value of the dependent variable would be 18, then the slope of the line would be:
A. 1 B. 2 C. 3 D. 4
To reduce the federal funds rate, the Fed can:
A. buy government bonds from the public. B. increase the discount rate. C. increase the prime interest rate. D. sell government bonds to commercial banks.