Question 1

Regulatory policy used to affect credit markets is known as ________.

Accepted Answer

A)  fiscal restraint. 
B)  monetary policy. 
C)  Bierstadt relaxation. 
D)  macroprudential regulation. 
A)  fiscal restraint. 
B)  monetary policy. 
C)  Bierstadt relaxation. 
D)  macroprudential regulation.

Question 2

Asset-price bubbles ________.

Accepted Answer

A)  impact the macroeconomy only when they burst 
B)  are easily recognized by market participants 
C)  always involve overly optimistic expectations 
D)  are unlikely to occur when credit is readily available 
A)  impact the macroeconomy only when they burst 
B)  are easily recognized by market participants 
C)  always involve overly optimistic expectations 
D)  are unlikely to occur when credit is readily available

Question 3

The most important component of the Economic Recovery Act passed by the Bush Administration was ________.

Accepted Answer

A)  the creation of the Federal Reserve discount window. 
B)  the establishment of the Troubled Asset Relief Program (TARP). 
C)  the decrease in taxes for the wealthiest one percent of all Americans. 
D)  the creation of the Federal Reserve. 
A)  the creation of the Federal Reserve discount window. 
B)  the establishment of the Troubled Asset Relief Program (TARP). 
C)  the decrease in taxes for the wealthiest one percent of all Americans. 
D)  the creation of the Federal Reserve.

Question 4

Monetary policy in the United States is primarily the responsibility of ________.

Accepted Answer

A)  the President and Congress. 
B)  the Federal Reserve System. 
C)  the U.S. Treasury. 
D)  the Comptroller of the Currency. 
A)  the President and Congress. 
B)  the Federal Reserve System. 
C)  the U.S. Treasury. 
D)  the Comptroller of the Currency.

Question 5

An increase in the general level of prices will tend to cause, other things the same ________.

Accepted Answer

A)  an increase in the real value of assets 
B)  an increase in the real value of liabilities. 
C)  no change in the real value of liabilities. 
D)  a decrease in the real value of liabilities. 
A)  an increase in the real value of assets 
B)  an increase in the real value of liabilities. 
C)  no change in the real value of liabilities. 
D)  a decrease in the real value of liabilities.

Regulatory policy used to affect credit markets is known as ________.

Asset-price bubbles ________.

The most important component of the Economic Recovery Act passed by the Bush Administration was ________.

Monetary policy in the United States is primarily the responsibility of ________.

An increase in the general level of prices will tend to cause, other things the same ________.

The Policy and Practice of Macroeconomics

Measuring Macroeconomic Data

Aggregate Production and Productivity

Saving and Investment in Closed and Open Economies

Money and Inflation

The Sources of Growth and the Solow Model

Drivers of Growth: Technology, Policy, and Institutions

Business Cycles: an Introduction

The Is Curve

Monetary Policy and Aggregate Demand

Aggregate Supply and the Phillips Curve

The Aggregate Demand and Supply Model

Macroeconomic Policy and Aggregate Demand and Supply Analysis

The Financial System and Economic Growth

Fiscal Policy and the Government Budget

Exchange Rates and International Economic Policy

Consumption and Saving

Investment

The Labor Market, Employment, and Unemployment

The Role of Expectations in Macroeconomic Policy

Modern Business Cycle Theory

Filters

Exam 15: Financial Crises and the Economy

Regulatory policy used to affect credit markets is known as ________.

Asset-price bubbles ________.

The most important component of the Economic Recovery Act passed by the Bush Administration was ________.

Monetary policy in the United States is primarily the responsibility of ________.

An increase in the general level of prices will tend to cause, other things the same ________.

The Policy and Practice of Macroeconomics

Measuring Macroeconomic Data

Aggregate Production and Productivity

Saving and Investment in Closed and Open Economies

Money and Inflation

The Sources of Growth and the Solow Model

Drivers of Growth: Technology, Policy, and Institutions

Business Cycles: an Introduction

The Is Curve

Monetary Policy and Aggregate Demand

Aggregate Supply and the Phillips Curve

The Aggregate Demand and Supply Model

Macroeconomic Policy and Aggregate Demand and Supply Analysis

The Financial System and Economic Growth

Fiscal Policy and the Government Budget

Exchange Rates and International Economic Policy

Consumption and Saving

Investment

The Labor Market, Employment, and Unemployment

The Role of Expectations in Macroeconomic Policy

Modern Business Cycle Theory

Filters