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