What is a credit union?
(A) A modified type of savings and loan that makes loans for housing.
(B) A bank that specializes in retirement savings accounts.
(C) A bank that takes deposits but does not make loans
(D) A cooperative lending institution for a particular group.
Answer: (D) A cooperative lending institution for a particular group.
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"Crowding-out" refers to the process by which
a. high consumption leads to low saving and investment. b. the Fed prevents "runs" on banks. c. Fed sales of bonds reduce the ability of corporations to buy bonds. d. increased government spending raises interest rates, thus lowering investment spending.
Vector autoregressive models should be used for forecasting if the series being studied are cointegrated.
Answer the following statement true (T) or false (F)
The MPC for a country will likely be measured as less than 1.0.
Answer the following statement true (T) or false (F)
Which of the following will cause an increase in the steady-state growth rate of capital?
A) an increase in the saving rate B) an increase in the population growth rate C) a temporary increase in technological progress D) all of the above E) none of the above