Charter One, Pentagon Federal Credit Union, and Boeing Employees Credit Union are all primarily:
A. commercial banks.
B. thrifts.
C. insurance companies.
D. pension funds.
B. thrifts.
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A game of incomplete information is distinct from one of complete information in that players:
a. do not observe each others' actions. b. do not know each others' payoff functions. c. do not know the timing of moves. d. use mixed strategies.
Long time lags hamper the effectiveness of economic policy because: a. people don't want to wait for economic recovery
b. the longer unemployment lasts, the more intense inflation becomes. c. by the time the impact of a policy is felt, a new problem may have come along that requires a different policy, which may make the economic situation even worse. d. if inflation is allowed to continue for too long, it becomes immune to policy interference. e. if unemployment is allowed to continue for too long, it becomes immune to policy interference.
If the CPI was 120 in 1994, was 126 in 1995, and was 134.82 in 1996, what was the inflation rate in 1995 and in 1996?
Which of the following is not a macroeconomic statement?
A. Congress increased the minimum wage rate in January. B. Jenny's wage rate rose, and in response, she decided to work more hours. C. The unemployment rate for the United States rose to 5 percent in the last quarter. D. The Federal Reserve lowered interest rates at its last meeting.