Microeconomics

According to the quantity theory of money, if velocity of money is constant, a 5 percent increase in ...

Started by fagboi

A wider use of charge accounts and credit cards have reduced the demand for walking-around money. ...

Started by ec501234

Since the Federal Reserve was established in 1913, the U.S. has experienced three periods of high ...

Started by cookcarl

Before 2008, money market mutual funds and hedge funds had been out of Fed's scope and control ...

Started by xroflmao

Which of the following is not consistent with a self-correcting economy? a. Falling wages that ...

Started by gonzo233

If we observe an economy adjusting to potential GDP as prices fall and real output increases, we can ...

Started by karateprodigy

For those who favor an active approach, public policy changes are necessary to cure a recessionary ...

Started by kshipps

Which of the following is a difference between an active approach to close a recessionary gap and a ...

Started by michelleunicorn

If the price level in an economy rises and its output level decreases as it gravitates toward its ...

Started by panfilo

If an economy's actual GDP exceeds its potential GDP, _____. a. wages and prices must fall b. ...

Started by dollx

If a passive approach is followed in closing an expansionary gap, _____. a. restrictive fiscal ...

Started by TFauchery

If the short-run equilibrium output of the United States exceeds the potential output, the Fed: a. ...

Started by daltonest1984

Which of the following lags reduces the effectiveness of active policy? a. Preliminary lag b. ...

Started by Garrulous

Long time lags hamper the effectiveness of economic policy because: a. people don't want to wait ...

Started by sarasara

The time it takes for the Fed's purchase of government securities to ultimately change aggregate ...

Started by londonang

The selection of a new policy takes place during a period of time known as the _____. a. activity ...

Started by lidoalex

Suppose policy makers are concerned about a shortage of long-term capital investment. To remedy the ...

Started by Pineapplelove6

Those who favor a passive approach to policy believe that: a. discretionary monetary policy can be ...

Started by CBme

An implementation lag is the time it takes: a. for policy makers to decide what to do. b. for the ...

Started by rachel9

After World War II the average U.S. recession has lasted: a. a few months. b. about half a year. c. ...

Started by mckennatimberlake

Those who favor a passive approach to policy often argue that changes in prices and wages will shift ...

Started by robinn137

Which of the following statements supports the passive approach to close a recessionary gap? a. It ...

Started by deesands

Those who favor an active approach to policy believe that: a. discretionary monetary policy cannot ...

Started by pragya sharda

An effective policy of governmental intervention in the economy requires all of the following except ...

Started by s.tung

According to the rational expectations school, people base their expectations about inflation on: ...

Started by nramada