Which of the books used at the FOMC meetings can be characterized as less quantitative than the other two?
A. The Beigebook
B. The Greenbook
C. The white paper released to the press
D. The Tealbook
Answer: A
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
When the exchange rate falls, in the foreign exchange market the
A) quantity demanded of the currency increases. B) demand for the currency increases. C) quantity demanded of the currency decreases. D) demand for the currency decreases.
Which of the following is a long-term financial instrument?
A) a negotiable certificate of deposit B) a repurchase agreement C) a U.S. Treasury bond D) a U.S. Treasury bill
The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers
a. True b. False Indicate whether the statement is true or false