When the Fed allows the monetary base to respond to the purchase or sale of domestic currency in the foreign exchange market, the process is called
A) open market operations.
B) hedging.
C) sterilized intervention.
D) unsterilized intervention.
D
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If there was both an increase in technology and an increase in labor force participation, real GDP growth would ____ and real GDP growth per capita would ____
a. increase: increase b. be indeterminate; be indeterminate c. be indeterminate; decrease d. increase; be indeterminate
Economic values that are measured in units per period of time are referred to as:
A. stocks. B. flows. C. unit values. D. dollars.
A firm produces and sells two goods, A and B. Good A is known to have many close substitutes; good B makes up a significant portion of most families' budgets. A price increase for each good would most likely cause total revenues for good A to:
A. increase, and total revenues for good B to increase. B. increase, and total revenues for good B to decrease. C. decrease, and total revenues for good B to decrease. D. decrease, and total revenues for good B to increase.
The second half of the 1940s was a period of
A. recession. B. no economic growth. C. very slow economic growth. D. fairly high economic growth.