Question 1

Business cycles vary in:

Accepted Answer

A)  the length of recessions only. 
B)  the time between recessions only. 
C)  both the length of recessions and the time between recessions. 
D)  none of the answers given is correct; business cycles are by definition recurring waves that rise and fall in a periodic pattern. 
A)  the length of recessions only. 
B)  the time between recessions only. 
C)  both the length of recessions and the time between recessions. 
D)  none of the answers given is correct; business cycles are by definition recurring waves that rise and fall in a periodic pattern.

Question 2

During the Great Moderation experienced in the United States during the 1990s the volatility of inflation and growth:

Accepted Answer

A)  moved in opposite directions. 
B)  both dropped significantly. 
C)  both increased but only slightly. 
D)  disappeared. 
A)  moved in opposite directions. 
B)  both dropped significantly. 
C)  both increased but only slightly. 
D)  disappeared.

Question 3

A reduction in the central bank's inflation target will result in:

Accepted Answer

A)  an increase in potential output. 
B)  no change in potential output. 
C)  a decrease in potential output. 
D)  the long-run aggregate supply curve having an upward slope. 
A)  an increase in potential output. 
B)  no change in potential output. 
C)  a decrease in potential output. 
D)  the long-run aggregate supply curve having an upward slope.

Business cycles vary in:

During the Great Moderation experienced in the United States during the 1990s the volatility of inflation and growth:

A reduction in the central bank's inflation target will result in:

An Introduction to Money and the Financial System

Money and the Payments System

Financial Instruments, Financial Markets, and Financial Institutions

Future Value, Present Value and Interest Rates

Understanding Risk

Bonds, Bond Prices, and the Determination of Interest Rates

The Risk and Term Structure of Interest Rates

Stocks, Stock Markets and Market Efficiency

Derivatives: Futures, Options, and Swaps

Foreign Exchange

The Economics of Financial Intermediation

Depository Institutions: Banks and Bank Management

Financial Industry Structure

Regulating the Financial System

Central Banks in the World Today

The Structure of Central Banks: The Federal Reserve and the European Central Bank

The Central Bank Balance Sheet and the Money Supply Process

Monetary Policy: Stabilizing the Domestic Economy

Exchange Rate Policy and the Central Bank

Money Growth, Money Demand and Modern Monetary Policy

Output, Inflation, and Monetary Policy

Modern Monetary Policy and the Challenges Facing Central Bankers

Filters

Exam 22:Understanding Business Cycle Fluctuations

Business cycles vary in:

During the Great Moderation experienced in the United States during the 1990s the volatility of inflation and growth:

A reduction in the central bank's inflation target will result in:

An Introduction to Money and the Financial System

Money and the Payments System

Financial Instruments, Financial Markets, and Financial Institutions

Future Value, Present Value and Interest Rates

Understanding Risk

Bonds, Bond Prices, and the Determination of Interest Rates

The Risk and Term Structure of Interest Rates

Stocks, Stock Markets and Market Efficiency

Derivatives: Futures, Options, and Swaps

Foreign Exchange

The Economics of Financial Intermediation

Depository Institutions: Banks and Bank Management

Financial Industry Structure

Regulating the Financial System

Central Banks in the World Today

The Structure of Central Banks: The Federal Reserve and the European Central Bank

The Central Bank Balance Sheet and the Money Supply Process

Monetary Policy: Stabilizing the Domestic Economy

Exchange Rate Policy and the Central Bank

Money Growth, Money Demand and Modern Monetary Policy

Output, Inflation, and Monetary Policy

Modern Monetary Policy and the Challenges Facing Central Bankers

Filters