If you borrow $5,000 from your bank to purchase shares of Snap from your cousin Vinny, this is an example of obtaining ________ financing and purchasing the stock in a ________ market
A) direct; primary
B) direct; secondary
C) indirect; primary
D) indirect; secondary
Answer: B
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The actual real interest rate and the expected real interest rate will be identical if
A) pe = p. B) pe > p. C) pe < p. D) none of the above
Which of the following groups exerts the most control over the money supply in the United States?
a. The executive branch of government b. The legislative branch of government c. The judicial branch of government d. The Federal Reserve e. The U.S. Treasury Department
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.