Positive spending shocks lead to ________ real interest rates ________
A) higher; in both the short and long runs
B) higher; in the short run but not in the long run
C) lower; in both the short and long runs
D) lower; in the short run but not in the long run
A
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A real quantity is a quantity measured:
A. using real prices. B. in terms of current dollar value. C. in physical terms. D. by the average quantity.
If the First National Bank has a gap equal to a negative $30 million, then a 5 percentage point increase in interest rates will cause profits to
A) increase by $15 million. B) increase by $1.5 million. C) decline by $15 million. D) decline by $1.5 million.
Which of the following is true about the Bitcoin:
a. Bitcoin transactions are anonymous, irreversible, and practically impossible to trace. b. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox. c. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies. d. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro. e. Bitcoin transactions are highly visible and, therefore, taxable events.
Which of the following countries had the highest level of real GDP per person in 2014?
a. Germany b. Canada c. United States d. Japan