Which of the following institutions can not borrow from the Federal Reserve at the discount window?
A) Thrift institutions
B) Member banks
C) Nonmember banks
D) Life insurance companies
D
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The branch of macroeconomics concerned with changes in the natural real GDP is the theory of
A) business cycles. B) economic growth. C) GDP gaps. D) unemployment.
Economic models
a. are always based on realistic assumptions. b. usually predict perfectly. c. can never be tested with real world data. d. are used to describe cause-and-effect relationships. e. are too simple to be of much use.
The demand curve for loanable funds is downward sloping because
a. people save more at higher interest rates. b. more investments are profitable at low interest rates than at high interest rates. c. future income is more valuable now at higher interest rates than at low interest rates. d. usury laws increase the quantity of funds demanded at low interest rates but do not affect the quantity of funds demanded at high interest rates.
Deliberate manipulation of government spending and taxes to promote macroeconomic goals is known as _____
Fill in the blank(s) with the appropriate word(s).