The increased level of excess reserves that many banks held in 2008 made traditional monetary policy less effective
a. True
b. False
Indicate whether the statement is true or false
True
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The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at each successive cyclical trough
A) continued, lower B) continued, higher C) broke, lower D) broke, higher
Under the current Social Security System,
A) only tax rates are changed yearly to help cover changes increases in benefits. B) only benefits are changed to balance the budget of the Social Security System. C) benefits are changed only to reflect the preceding year's inflation. D) tax rates and benefits are changed yearly to balance the budget of the Social Security System.
After browsing his cabinets to see what meals he can make, Ken is deciding whether to make nachos or spaghetti for dinner. If Ken makes spaghetti, we can conclude:
A. Ken doesn't like nachos. B. Ken prefers nachos over spaghetti. C. Ken will get more utility from making spaghetti for dinner than nachos. D. None of these is true.
The production possibilities frontier can be used to illustrate all of the following concepts, except one. Which is the exception?
a. productive inefficiency b. opportunity cost c. the law of demand d. scarcity e. the law of increasing opportunity costs