With faster inflation, money in the form of ________ becomes more desirable
A) currency
B) non-interest-bearing checkable deposits
C) interest-bearing checkable deposits
D) All of these forms are equally desirable when inflation increases.
C
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In the graph showing the Phillips curve from 2006 to 2016, we can see that during the period following the 2008 financial crisis, the Phillips curve ______.
a. shifted considerably to the left
b. shifted considerably to the right
c. fluctuated wildly
d. remained fairly stable
The Federal Reserve System
A. has regional Federal Reserve Banks that make most of the decisions. B. makes decisions subject to the approval of the President. C. makes its major policy decisions in its Open Market Committee. D. makes decisions subject to the approval of Congress.
When investors use borrowed funds to pay for investments, it's called:
A. herding. B. hedging. C. leveraging. D. tulip mania.
Market failure occurs when
A. the stock market experiences a very large loss. B. a good is too expensive for the market to provide. C. one good is superior to another and drives it out of the market. D. an unrestrained market economy leads to too few or too many resources going to a specific economic activity.