COLA stands for:
A. cost-of-living adjustment.
B. cost-of-living aggregate.
C. capital operations leasing adjustment.
D. capital operations leasing agreement.
A. cost-of-living adjustment.
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At what stage of the securitization process was moral hazard a major problem?
a. Securitization. b. Rating securitized issues. c. Insuring securitized issues d. All of the above
Which of the following events could explain a decrease in interest rates together with an increase in investment?
a. The government went from surplus to deficit. b. The government instituted an investment tax credit. c. The government reduced the tax rate on savings. d. None of the above is correct.
Which of the following consumer goods is responsible for creating jobs, increasing energy consumption, and altering people's lifestyle?
A. television B. prefabricated housing C. automobile D. electric appliances
Nominal interest rates are considered to be ___ in the short-run model.
a. flexible b. rigid c. zero d. set by the central bank