The Fed's forward guidance in 2011 and early 2012 was framed in terms of keeping interest rates low
A) for an extended period.
B) at least until a particular date in the future.
C) based on outcomes for the unemployment rate and inflation rate.
D) until the next Presidential election.
B
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At a perfectly competitive firm, all of the following is true of the MRP curve EXCEPT
A) the MRP curve is the derived supply of labor. B) the MRP curve shifts leftward when labor productivity falls. C) the MRP curve shifts rightward when the product price rises. D) the MRP curve shifts leftward when the demand for the final product falls.
The World Bank lends money to countries to
A. finance their international transactions. B. stabilize their exchange rates. C. fund wars against dictatorial regimes. D. promote their economic development.
A flight to quality refers to a shift by savers from
A) bonds and into stocks. B) stocks and into gold or other precious metals. C) bonds and into real assets, such as real estate. D) low-quality bonds and into high-quality bonds.
_____ illustrates the speculative temper of the 1920s
a. The Ponzi scheme b. The New York pyramid scandal c. The Florida Land Boom d. Both a and b are correct. e. Both a and c are correct.