Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Reducing systemic threats to the U.S. financial system.
b. Solving the "too small to survive" problem in the U.S. financial system.
c. Improving credit rating agency performance and accountability.
d. Preventing spillover effects in the financial industry.
.B
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All of the following present significant problems with measuring real GDP and the price level except
A) changes in absolute price levels. B) changes in relative price levels. C) changes in the quality of goods over time. D) the introduction of new goods.
Which of the following best describes the aggregate production function if output is measured on the vertical axis and the number of workers employed is measured on the horizontal axis? The curve is
a. downward sloping and becomes flatter as the number of workers employed increases b. downward sloping and becomes steeper as the number of workers employed increases c. downward sloping with the same slope throughout d. upward sloping and becomes steeper as the number of workers employed increases e. upward sloping and becomes flatter as the number of workers employed increases
If the actual money multiplier equals the potential money multiplier and if the Federal Reserve wishes to increase the money supply by $500 when the reserve ratio is 20 percent, it should
A. sell $1,000 of government bonds. B. buy $1,000 of government bonds. C. buy $100 of government bonds. D. sell $100 of government bonds.
When the Fed increases the rate of growth of the money supply to jump start the economy, the unemployment type that will be directly affected is the
A. structural unemployment. B. natural rate of unemployment. C. frictional unemployment. D. cyclical unemployment.