Question 1
The Glass-Steagall Act was passed into law in
Question 2
In the CAMELS rating system, the letter C stands for
Question 3
The law that allowed banks to engage in investment banking was the
Question 4
A charter is a bank's application for
Question 5
According to Keynesians, the main source of the business cycle is
Selected :
Question 6
Labor productivity is calculated as
Question 7
The period from October 1949 to November 1970 is called the
Question 8
A period when a recession ends and an expansion begins is
Question 9
A steady state is a situation in which the key variables in the model
Question 10
The starting point of a dynamic model is
Question 11
A dynamic model is a model that
Question 12
The liquidity effect is the
Question 13
The largest component of aggregate demand is
Question 14
A rise in wealth will cause household investment in housing to
Question 15
Aggregate supply tells us
Question 16
With the price level on the vertical axis and output on the horizontal axis, the short-run aggregate-supply curve
Question 17
Precautionary savings is
Question 18
A situation in which all markets are in equilibrium and all economic agents have made decisions in their own best interest is called
Question 19
The view that a change in the timing of taxes does not affect people's consumption is known as the
Selected :
Question 20
In a real business cycle (RBC) model,
Part -2:
Course Money & Banking
Question 1
The balance on capital and financial account is
Answer
Question 2
Investments in other countries in the form of portfolio investment or direct investment minus what foreigners invest in the domestic country is known as NFI, or
Answer
Question 3
An unexpected change in an exogenous variable is known as
Answer
Question 4
If one country is hit with a shock that increases the value of its currency and causes its net exports to decline and other countries' net exports to rise, causing the income in those countries to rise, then the business cycle is being transmitted internationally through ____ effect.
Question 5
Expenditures of each Federal Reserve Bank are approved by
Question 6
There are ____ Federal Reserve Banks.
Question 7
Primary government securities dealers are ________ that meet certain capital requirements and agree to actively transact with the Fed when it engages in open-market operations.
Question 8
The FOMC directive
Question 9
Reserves held by banks at the Fed that earn implicit interest payments in the form of earnings credits for Fed services are known as
Answer
Question 10
The main asset on the Federal Reserve's balance sheet is
Question 11
A bank in poor condition may take out a loan under close Fed scrutiny. Such a loan is known as
Question 12
A haircut is
Question 13
Under expansionary monetary policy, the unemployment rate is ____ in the short run and inflation is ____ in the long run.
Question 14
The idea that policymakers may not immediately get up-to-date statistics on economic variables is known as the ____ lag.
Answer
Question 15
The unemployment rate minus the natural rate of unemployment is known as the
Answer
Question 16
The Fed's loss function is another name for the Fed's
Question 17
When a central bank increases money growth and reduces the interest rate, the bank is said to ________ policy.
Question 18
Transparent describes a central bank that
Answer
Question 19
Under an activist rule,
Answer
Question 20
In inflation targeting, the range that represents the goal for the inflation rate is known as the