With what type of recession should discretionary fiscal policy be used with caution?
a. any recession
b. smaller recessions
c. larger recessions
d. long recessions
b. smaller recessions
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Which of the following will cause a movement along the demand curve instead of a shift of the demand curve?
A) income B) tastes and preferences C) Expectations e the future price of a good D) none of the above
The simple money multiplier: a. equals the reciprocal of the required reserve ratio
b. assumes banks hold excess reserves. c. becomes larger as the required reserve ratio increases. d. equals required reserves plus excess reserves. e. equals total reserves minus required reserves.
Writing in The Wall Street Journal in 2009, economist Jeremy Siegel pointed out that the efficient markets hypothesis
a. was responsible for the financial crisis of 2008-2009. b. was responsible for the Great Depression of the 1930s. c. claims that prices observed in financial markets are always "right.". d. claims that prices observed in financial markets are mostly "wrong.".
Refer to the scenario above. Maria should submit a bid of ________
A) $300 B) $150 C) $200 D) $250