Question 1

During which of the following decades was the debt-to-GDP ratio generally highest in the United States?

Accepted Answer

A) 1930s 
B) 1940s 
C) 1960s 
D) 1980s 
E)  1990s 
A) 1930s 
B) 1940s 
C) 1960s 
D) 1980s 
E)  1990s

Question 2

Analysis of U.S.budget deficits in the United States between 1990 and 2000 indicates that which of the following is primarily responsible for the reduction in the budget deficit?

Accepted Answer

A) decrease in spending 
B) increase in tax revenues 
C) decrease in spending and increase in tax revenues 
D) lower interest rates 
E)  increases in tax rates 
A) decrease in spending 
B) increase in tax revenues 
C) decrease in spending and increase in tax revenues 
D) lower interest rates 
E)  increases in tax rates

Question 3

Those who are concerned about balanced budget amendments typically argue that balanced budget amendments

Accepted Answer

A) cause interest rates to be higher than they otherwise would be. 
B) would make fluctuations in output around the natural level of output greater. 
C) would increase spending in a recession. 
D) would reduce national saving. 
A) cause interest rates to be higher than they otherwise would be. 
B) would make fluctuations in output around the natural level of output greater. 
C) would increase spending in a recession. 
D) would reduce national saving.

Question 4

During democratic presidential administration since 1948,economic growth was highest in ________ year of the administration?

Accepted Answer

A) first 
B) second 
C) third 
D) fourth 
A) first 
B) second 
C) third 
D) fourth

Question 5

Discuss the time inconsistency problem and explain how it relates to monetary policy.

Accepted Answer

The time inconsistency of optimal policy

During which of the following decades was the debt-to-GDP ratio generally highest in the United States?

Analysis of U.S.budget deficits in the United States between 1990 and 2000 indicates that which of the following is primarily responsible for the reduction in the budget deficit?

Those who are concerned about balanced budget amendments typically argue that balanced budget amendments

During democratic presidential administration since 1948,economic growth was highest in ________ year of the administration?

Discuss the time inconsistency problem and explain how it relates to monetary policy.

A Tour of the World

A Tour of the Book

The Goods Market

Financial Markets

Goods and Financial Marketsthe Is-Lm Model

Financial Markets Ii: the Extended Is-Lm Model

The Labor Market

The Phillips Curve, the Natural Rate of Unemployment, and Inflation

From the Short to the Medium Run: the Is-Lm-Pc Model

The Facts of Growth

Saving, capital Accumulation, and Output

Technological Progress and Growth

Technological Progress: the Short, the Medium, and the Long Run

Financial Markets and Expectations

Expectations, consumption, and Investment

Expectations, output, and Policy

Openness in Goods and Financial Markets

The Goods Market in an Open Economy

Output, the Interest Rate, and the Exchange Rate

Exchange Rate Regimes

Fiscal Policy: a Summing up

Monetary Policy: a Summing up

Epilogue: the Story of Macroeconomics

Appendix

Filters

Exam 21: Should Policy Makers Be Restrained

During which of the following decades was the debt-to-GDP ratio generally highest in the United States?

Analysis of U.S.budget deficits in the United States between 1990 and 2000 indicates that which of the following is primarily responsible for the reduction in the budget deficit?

Those who are concerned about balanced budget amendments typically argue that balanced budget amendments

During democratic presidential administration since 1948,economic growth was highest in ________ year of the administration?

Discuss the time inconsistency problem and explain how it relates to monetary policy.

A Tour of the World

A Tour of the Book

The Goods Market

Financial Markets

Goods and Financial Marketsthe Is-Lm Model

Financial Markets Ii: the Extended Is-Lm Model

The Labor Market

The Phillips Curve, the Natural Rate of Unemployment, and Inflation

From the Short to the Medium Run: the Is-Lm-Pc Model

The Facts of Growth

Saving, capital Accumulation, and Output

Technological Progress and Growth

Technological Progress: the Short, the Medium, and the Long Run

Financial Markets and Expectations

Expectations, consumption, and Investment

Expectations, output, and Policy

Openness in Goods and Financial Markets

The Goods Market in an Open Economy

Output, the Interest Rate, and the Exchange Rate

Exchange Rate Regimes

Fiscal Policy: a Summing up

Monetary Policy: a Summing up

Epilogue: the Story of Macroeconomics

Appendix

Filters