Krueger, Mitman, and Perri found that, following severe recessions,
A. the cost of losing one's job varies inversely with one's wealth.
B. the economy rebounded more quickly and more strongly.
C. unemployment became higher for people with higher levels of education.
D. the rate of discouraged workers declined.
Answer: A
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In the simplest Keynesian model of the determination of income, interest rates are assumed
A) to be exogenous and to influence desired spending. B) to be endogenous and not to influence desired spending. C) to be endogenous and to influence desired spending. D) to be exogenous and not to influence spending.
Laws are efficient if they
A. help maximize total benefits of behavior. B. restrict all undesirable action like polluting. C. uphold absolute property rights. D. impose no costs on citizens. E. work to equate the marginal benefits and marginal costs of behavior.
Real business cycle theory focuses on factors affecting
A. aggregate demand. B. the velocity of money. C. aggregate supply. D. consumer spending.
Suppose a bank has total assets of $4,000,000,000, of which $1,000,000,000 are cash assets and government securities with a "risk weight" of 0% and $3,000,000,000 are loans with a risk weight of 50%
The bank has total deposits and other liabilities of $3,500,000,000. The bank's risk-based capital ratio is A) 14.3%. B) 25.0%. C) 33.3%. D) 37.5%.