Both those who favor an active approach as well as those who favor a passive approach to policy believe that the economy can suffer from extreme and long-lasting swings in real GDP
a. True
b. False
Indicate whether the statement is true or false
False
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Why does the demand curve for Japanese yen slope down?
What will be an ideal response?
Which person has the highest opportunity cost of obtaining a college degree (assuming that attending college requires giving up his or her current position)?
a. Bill, who is unemployed. b. Jane, who is an unwed mother and earns $15,000 a year. c. Larry, who is a technician in the Navy earning $18,000 a year with free food and housing. d. Mary, who has a job earning $60,000 a year as a computer programmer. e. Unable to determine from the data given.
The Federal Funds rate is the interest rate
a. banks charge each other for short-term loans. b. the Fed charges depository institutions for short-term loans. c. the Fed pays on deposits. d. interest rate on 3 month Treasury bills.
All, but the super wealthy, have a finite or limited amount of income.
a. true b. false