What are open market operations?
What will be an ideal response?
The tool most often used by the Fed to alter the money supply.
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Compared to a country with an MPS of 0.167, a country with an MPS of 0.5 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times
When housing prices fell as they did beginning in 2006 following the housing market bubble, most banks and other lenders ________ the requirement for borrowers, making it ________ for potential home buyers to obtain mortgages
A) tightened; harder B) eased; easier C) eased; harder D) tightened; easier
Opponents of the Taylor rule argue that it implies more advanced knowledge about the economy than is potentially feasible
a. True b. False
Several arguments for restricting trade have been advanced. Those arguments do not include
a. the jobs argument. b. the protection-as-a-bargaining-chip argument. c. the no-deadweight-loss argument. d. the infant-industry argument.