In the early 1980s, rising interest rates caused a tremendous __________ in the value of savings-and-loan __________
A) inflow; liabilities
B) inflow; assets
C) outflow; liabilities
D) outflow; assets
D
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Which of the following people would not be included among the unemployed?
A. A construction worker laid off because of a slowdown in house building. B. A young mother on welfare because her husband has left her and she must stay home to tend her children. C. A recent high school graduate who has quit his first job as a stock clerk in a grocery store in order to look for a better job. D. A recent college graduate who has not yet found a job.
What is the Laffer Curve? Explain the relationship that is shown in the curve.
What will be an ideal response?
An increase in which of the following leads to a decline in the monetary base?
A) float B) discount loans C) foreign deposits at the Fed D) SDRs
What is measured on the vertical axis of the aggregate demand/aggregate supply model?
A. real Gross Domestic Product (GDP) B. the interest rate C. the price level D. nominal income