The European Central Bank has ensured independence by:
A. making sure the ECB's financial interests supports member countries' political organizations.
B. not taking votes on policy matters.
C. by appointing the Executive board members for life.
D. explicitly forbidding the Governing Council from taking instructions from any government.
Answer: D
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An investor who diversifies by purchasing a 50-50 mix of two stocks that are not perfectly positively correlated will find that the standard deviation of the portfolio is:
A. greater than the standard deviation from holding the same balance in only one of these stocks. B. the sum of the standard deviations of the two individual stocks. C. less than the standard deviation from holding the same balance in only one of these stocks. D. greater than the sum of the standard deviations of the individual stocks.
A tax multiplier equal to ?4.30 would imply that a $100 tax increase would lead to a:
A. $430 decline in real GDP. B. $430 increase in real GDP. C. 4.3 percent increase in real GDP. D. 4.3 percent decrease in real GDP.
Refer to the information provided in Figure 1.7 below to answer the question(s) that follow.
Figure 1.7Refer to Figure 1.7. The slope of the line is
A. decreasing at an increasing rate. B. positive. C. increasing at a decreasing rate. D. negative.
Contractionary monetary policy is when ________.
A. exchange rates are increased B. the money supply is decreased C. taxes are increased D. government spending is decreased