The federal funds rate is a
A. one-day rate.
B. one-year rate.
C. one-month rate.
D. one-week rate.
Answer: A
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Which of the following transactions will be included in the calculation of GDP using the expenditure method?
A) The sale of a used car by a consumer B) The payment made to a construction worker C) The purchase of a treasury bond by an investor D) The purchase of a private jet by the CEO of a company
Starting from an initial long-run equilibrium, an unanticipated shift to a more expansionary monetary policy would tend to increase
a. prices and unemployment in the long run. b. real output in the short run but not in the long run. c. real output in the long run but not in the short run. d. real output in both the long run and the short run.
Economists use the term "money" to refer to
a. all wealth. b. all assets, including real assets and financial assets. c. all financial assets, but not real assets. d. those types of wealth that are regularly accepted by sellers in exchange for goods and services.
A small open economy has a current account balance of zero. A rise in the world real interest rate causes
A. a financial account surplus. B. absorption to exceed income. C. net borrowing from abroad. D. a current account surplus.