Which of these is not among the principal determinants of economic growth?
A) institutions
B) education
C) research and development
D) balanced trade
E) saving and investment
D
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Why are healthcare and education not public goods and why do governments play a large role in the markets for these services?
What will be an ideal response?
If a macroeconomist studying the causes of unemployment asserts that a particular change in technology will cause the rate of unemployment to decrease by ten percent, then this macroeconomist is at which step in the process of developing an economic
model? A) Identify the endogenous variables. B) Develop a model. C) Compare the model with the data. D) Identify the exogenous variables. E) Conduct prediction and policy analysis.
Which of the following involves banks borrowing funds from firms or other banks using the value of underlying securities as collateral?
A) federal funds B) repurchase agreement C) counterparty lending D) money market account
In the 1990s, Fed Chairperson Alan Greenspan questioned whether the stock market
a. boom at that time reflected "irrational exuberance.". b. decline at that time reflected "irrational funk.". c. boom at that time reflected "rational exuberance.". d. decline at that time reflected "rational funk.".