In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used.
B. technical advice but does not provide them with loans.
C. loans, but only if the government adopts certain policies specified by the IMF in return.
D. neither loans nor technical advice.
Answer: C
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When the Fed makes an open market purchase, the money supply will ________, which will cause long-term real interest rates to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Between 1929 and 1982, according to Edward Denison, approximately
a. one-fourth of the growth in output was due to the increase in the quantity of labor. b. one-third of the growth in output came from an increase in the quantity of labor. c. forty-five percent of the growth in output was credited to an increase in the quantity of labor. d. ten percent of the growth in output was responsible for the increase in the quantity of labor.
A proposed project should be accepted if the net present value is
A) positive. B) negative. C) larger than the internal rate of return. D) smaller than the internal rate of return.
The relationship between a bond's maturity and the interest rate it pays is called the
A. desired investment curve. B. federal funds rate. C. yield curve. D. amortization schedule.