The Friedman natural rate theory is based on rational expectations and is also called the new classical theory
Indicate whether the statement is true or false
False
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National debt decreases in a given year when a country has
A) a budget deficit. B) a balanced budget. C) a budget supplement. D) a budget surplus. E) no discretionary fiscal policy.
The monetary policy target the Federal Reserve focuses primarily on today is
A) M1. B) M2. C) the interest rate. D) the inflation rate. E) the unemployment rate.
Banks are firms who are in business, like butchers, bakers, and candlestick makers, to make profit. They accept deposits from savers and use those deposits to make loans to borrowers. The profit they make is
a. their excess reserves, remaining in the bank after loans are made b. regulated by the FDIC c. regulated by the Federal Reserve System d. the difference between the interest rate they pay to their borrowers and the interest rate they charge to their depositors e. the difference between the interest rate they pay to their depositors and the interest rate they charge to their borrowers
You decide to go skiing this weekend. It costs $50 for transportation, $50 for lodging, $30 for ski lift tickets and you could have earned $100 as a waiter at a job you love so much you would do it as a volunteer. What is the total cost of the ski weekend?
A. $100 B. $230 C. $130 D. $80