The federal funds rate is the interest rate the Fed charges to banks when it lends reserves to them.
a. true
b. false
Answer: b. false
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Which of the following groups tends to have the highest unemployment rate in the United States?
a. African American teenagers b. Workers, age 25 or older, who are college graduates c. White women d. Workers, 25 years of age or older, who are high school dropouts e. White teenagers
In China prior to 1990, most residential buildings were dilapidated because:
a. people were not aware of maintenance and beautification techniques. b. the government did not encourage wastage of resources for such purposes. c. no one had a property right to a home. d. all the properties were inherited. e. the people had private property rights so they did not have an incentive to repair the houses.
Investors face the risk that the economy could go into another recession. This risk is:
A. Idiosyncratic B. Diversifiable C. Systemic D. Time preference
Which of the following is an example of a capital good?
A. A metal-stamping machine used to produce cars sold to an automaker B. A new CD player sold to a teenager C. A new CD player sold to an automaker for installation in a car D. A new car sold to a family