Imagine that the stock market crashes, interest rates plummet, and inflation soars. Considering this, what would most likely be the attitude of banks about giving out loans?
a. somewhat open
b. very open
c. somewhat hesitant
d. very hesitant
d. very hesitant
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Describe the pattern of growth rates in real GDP per hour worked in the United States since the early nineteenth century. Has output per hour worked consistently increased at the same rate? Explain
What will be an ideal response?
From an efficiency standpoint, one must compare the excess burdens of tax and debt finance.
A. True B. False C. Uncertain
What is the nominal value of money?
A. what can be purchased with the money B. discounts taken by multiple purchases C. savings by shopping on specific days of the week D. its actual face value
New Keynesians hypothesize that
A. fluctuations in output are largely caused by supply shocks. B. the relationship between inflation and unemployment is exploitable in the long run. C. there is no relationship between inflation and unemployment. D. the relationship between inflation and unemployment is exploitable in the short run.