Alan Greenspan's overall approach to monetary policy:
a. has been partly credited for the expansion of the 1990s.
b. relied heavily on the monetization of debt during economic downturns.
c. typically responded to economic downturns by lowering the federal funds rate.
d. Both a and b are correct.
e. both a and c are correct.
e. both a and c are correct.
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The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, the efficient quantity of coffee will ________ and the producer surplus will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
In the fall of 2012, more than three years after the end of the recession, the unemployment rate remained just below 8% and nearly half of the unemployed had been out of work for at least six months
Unemployment had been so high for so long, that many economists had begun speaking of the "new normal", in which unemployment rates might be stuck at higher levels for many years. If this "new normal" does materialize, these higher unemployment rates would most likely be the result of ________ unemployment. A) frictional B) cyclical C) structural D) seasonal
If the interest rate is 3 percent per year and you borrow $100 for one year, at the end of the year you must pay back
A) $97. B) $100. C) $103. D) $3.
The three ways in which corporations expand their business operations are by issuing stock, by investing their entire profits, and by lending
Indicate whether the statement is true or false