On the graph above, a movement from point ________ to point ________ might represent a negative supply shock
A) H; G
B) H; F
C) F; I
D) F; G
E) none of the above
C
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The Fed can change the money supply more quickly by using open market operations as compared to discount policy
Indicate whether the statement is true or false
The policy which holds that the federal government should not allow large financial firms to fail, for fear of damaging the financial system, is known as the ________ policy
A) too-big-to-fail B) Dodd-Frank C) mandatory bailout D) rational expectations
Starting in 1974, the conventional M1 money demand function began to severely ________ the demand for money. Stephen Goldfeld labeled this phenomenon "the case of the missing ________."
A) underpredict; velocity B) overpredict; velocity C) underpredict; money D) overpredict; money
By Marks buys a one-year German government bond (called a bund) for $400. He receives principal and interest totaling $436 one year later. During the year the CPI rose from 150 to 162, but he had thought the CPI would be at 159 by the end of the year. By Marks had expected the real interest rate to be ________, but it actually turned out to be ________.
A. 8%; 1% B. 3%; 1% C. 6%; 3% D. 1%; 3%