The Federal Reserve Board of Governors
a. rotate each four years.
b. are appointed by the President and confirmed by the Senate.
c. are elected by popular vote.
d. hold lifetime appointments.
b
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Provisions in loan contracts that prohibit borrowers from engaging in specified risky activities are called
A) proscription bonds. B) restrictive covenants. C) due-on-sale clauses. D) liens.
Of the following, which is the least likely example of an increase in total factor productivity?
A) the introduction of the assembly line B) an increase in immigration C) good weather D) a reduction in the relative price of energy
If the government reduced the minimum wage and pursued contractionary monetary policy, then in the long run
a. both the unemployment rate and the inflation rate would be lower. b. the unemployment rate would be lower and the inflation rate would be higher. c. the unemployment rate would be higher and the inflation rate would be lower. d. the unemployment rate and the inflation rate would be higher.
An increased risk of a financial crisis in the euro area should cause the:
A. price of U.S. Treasury bonds to increase and the yield on other bonds to increase. B. risk spread between U.S. Treasury bonds and other bonds to decrease. C. demand for all government securities including U.S. Treasury securities to decrease. D. price of U.S. Treasury bonds to increase and the yield on other bonds to decrease.