Countries that pursued outward-oriented policies in the 20th century
a. experienced lower rates of economic growth than did countries that pursued inward-oriented policies.
b. experienced higher levels of political instability than did countries that pursued inward-oriented policies.
c. include Singapore, South Korea, and Taiwan.
d. All of the above are correct.
c
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To acquire financial capital, a firm can
i. obtain a loan from a bank. ii. issue stock. iii. issue bonds. A) i, ii, and iii B) i and iii C) i only D) iii only E) ii only
When quantity demanded is very sensitive to changes in price, we can say that:
(a) Demand is inelastic. (b) Demand is elastic. (c) Supply is inelastic. (d) Demand is perfectly inelastic.
The political business cycle refers to
a. the fact that about every four years some politician advocates greater government control of the Fed. b. the potential for a central bank to increase the money supply and therefore real GDP to help the incumbent get re-elected. c. the part of the business cycle caused by the reluctance of politicians to smooth the business cycle. d. changes in output created by the monetary rule the Fed must follow.
Which of the following is NOT a responsibility of the Board of Governors?
A) approving bank mergers B) determining permissible activities for bank holding companies C) carrying out open market operations D) setting the salaries of the presidents and officers of district banks