The traditional role of savings and loan associations has been to lend money for ________.
Fill in the blank(s) with the appropriate word(s).
home mortgages
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If a firm is achieving economic efficiency it must also be achieving technological efficiency
Indicate whether the statement is true or false
The aggregate demand curve shows the combinations of output and the price level that put the economy on
A) the FE line and the IS curve. B) the FE line, the IS curve, and the LM curve. C) the IS curve. D) the IS curve and the LM curve.
Why might a nation seek to maintain a pegged exchange rate?
A) It makes business planning easier for firms involved in the global economy. B) It removes the need to intervene in the foreign exchange market. C) It ensures that the exchange rate will remain at its equilibrium. D) It makes their currency more attractive on the foreign exchange market.
"Monetarism" advocates a monetary policy
A) at the full discretion of the Fed. B) that fixes the growth rate of money. C) that fixes a constant short-term interest rate. D) that fixes the growth rate of real GDP. E) that fixes the unemployment rate.