The notion ofceteris paribusmeans "other factors being equal."?
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The notion of ceteris paribus means "other factors being equal."
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The Fed's low short-term interest rate policy of 2002 to 2004 encouraged decision makers to
A) make large down payments when purchasing housing. B) borrow more and increase their purchases of housing. C) borrow less and reduce their purchases of housing. D) purchase housing only if it could be financed with a 30-year, fixed interest-rate mortgage.
If there are significant excess reserves, a liquidity trap:
A. is inevitable. B. Excess reserves and the liquidity trap are unrelated. C. is possible. D. cannot exist.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
Which one of the following is an example of a normative statement?
A) A vacation in Colorado is better than a vacation in Hawaii. B) Hotels in Colorado are more expensive than are hotels in Hawaii. C) The hotel vacancy rate in Hawaii will increase as airfares to Hawaii increase. D) The busiest tourist month in Colorado is July.