The Federal Reserve has had the authority to vary reserve requirements since the
A) 1920s.
B) 1930s.
C) 1940s.
D) 1950s.
B
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Which of the following is true? a. When foreigners supply more funds than they demand, there is a capital inflow
b. When foreigners demand more funds than they demand, there is a capital outflow. c. Capital flows will tend to move real interest rates in different countries closer to one another. d. All of the above are true.
If borrowing is precluded, then beginning at age 18, the individual will consume
Consider an individual who enters adulthood and the labor force at age 18, expects to work 5 years at a real income of $10,000 per year, anticipates earning a real income of $40,000 per year from age 23 to 63, expects to retire with a $10,000 annual pension, and live until age 78. Suppose the interest rate is zero, and the individual seeks perfectly smooth consumption across his adult lifetime. a) $10,000 each year until age 23, then about $32,000 per year afterwards b) $10,000 every year c) all of his income as he receives it each year d) $10,000 per year until age 23, then $25,000 per year afterwards e) $25,000 every year
The fact that U.S. managers' salaries are substantially higher than the salaries of comparable managers in Japan may be related to the fact that:
A. there are no government controls on CEOs' earnings in the United States. B. the demand for CEOs has decreased. C. the supply of CEOs has decreased. D. there are more natural monopolies in the United States.
(Consider This) The collective action problem refers to:
A. logrolling behavior that results in inefficient policies. B. the tendency for legislatures to enact policies that are economically harmful. C. the lack of political power of small groups of people. D. difficulty in organizing and motivating large groups to achieve desired outcomes.