The Economy Tomorrow article titled "Rebuilding America" states that
A. The nation currently spends less than 2 billion hours in traffic delays and it should decline over the next decade.
B. The transportation system is keeping up with a growing economy.
C. The transportation system is not keeping up with a growing economy.
D. None of the choices are correct.
Answer: C
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Which of the following correctly expresses the Fisher equation?
A. r = i - ?e B. i = r - ?e C. r = i + ?e D. i = r + ?e
What is the relation between the unemployment rate and the proportion of unemployed workers who have been unemployed for 15 weeks or longer?
A) Both rise in recessions. B) Both rise in expansions. C) The unemployment rises in recessions but the proportion of unemployed workers who have been unemployed for 15 weeks or longer declines in recessions. D) The unemployment falls in recessions but the proportion of unemployed workers who have been unemployed for 15 weeks or longer rises in recessions.
In the long run, the key reason that money is neutral is that
A) the federal budget is balanced. B) prices are flexible. C) business cycles have become much milder. D) the nominal interest rate must equal the real interest rate.
President Franklin Delano Roosevelt declared a bank holiday, closing all U.S. banks in ________
A) July 1776 B) October 1929 C) March 1933 D) September 2001