Financial intermediaries are specialists in the production of
A) market failure.
B) information.
C) traded assets.
D) commercial paper.
B
You might also like to view...
If real GDP is ________ than potential GDP, employment is ________ than its full-employment level and the unemployment rate rises ________ the natural unemployment rate
A) less; more; above B) more; more; above C) more; less; above D) less; less; below E) less; less; above
According to the new classical view, if the money supply and prices fall but output remains the same indicates that
a. expectations must be adaptive. b. this change in the money supply was anticipated. c. aggregate supply must have shifted upward. d. none of the above can explain this.
Which of the following is the most accurate statement?
a. Trade policy has neither microeconomic nor macroeconomic effects. b. Trade policy has similar microeconomic and macroeconomic effects. c. The effects of trade policy are more macroeconomic than microeconomic. d. The effects of trade policy are more microeconomic than macroeconomic.
Which of the following statements accurately describes the U.S. balance of trade on goods and services?
a. The United States experienced a trade deficit during most years between 1965 and 2017.
b. The United States experienced a trade surplus during most years between 1965 and 2017.
c. The U.S. balance of trade on goods and services was a positive value each year during the 1980s.
d. The U.S. balance of trade on goods and services was a positive value each year during the 1990s.