A business cycle is:
a. the movement of the economy from peak to trough and trough to peak over time.
b. a point of time comparison of economic activity.
c. a prolonged movement in an upward fashion over a period of time.
d. a prolonged movement in a downward fashion over a period of time.
a. the movement of the economy from peak to trough and trough to peak over time.
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If the Fed pursues a strategy of targeting an interest rate when fluctuations in money demand are prevalent
A) fluctuations of nonborrowed reserves will be small. B) fluctuations of nonborrowed reserves will be large. C) the Fed will probably quickly abandon this policy, as it did in the 1960s. D) the Fed will probably quickly abandon this policy, as it did in the 1950s.
Refer to Figure 10.7. A movement from point A to point D could be caused by
A) a positive demand shock accompanied by an increase in the default-risk premium. B) a decrease in consumer confidence accompanied by a decrease in the expected rate of inflation. C) a negative demand shock accompanied by an increase in the target interest rate. D) an increase in consumer confidence accompanied by a decrease in the term premium investors expect in the future.
Job losers typically account for ____ of the unemployed
a. 80 to 90 percent b. 50 to 60 percent c. 30 to 40 percent d. 10 to 20 percent
An employer retirement plan that provides a predetermined monthly amount of income when you retire is called a
A. defined contribution plan. B. defined benefit plan. C. 401(k) plan. D. Social Security plan.