ECO 320 Final Exam 100% Correct Answers
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ECO 320 Final Exam 100% Correct Answers
Question 1
5 out of 5 points
The FDIC is the main supervisor for
Answer
Question 2
5 out of 5 points
A commercial bank that gets a charter from the federal government is called a ________ bank.
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Question 3
5 out of 5 points
The OCC is the main supervisor for
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Question 4
5 out of 5 points
In regards to the Glass-Steagall Act, banks argued that they
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Question 5
5 out of 5 points
A period when an expansion ends and a recession begins is
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Question 6
5 out of 5 points
A particularly bad recession (in which output declines much more than usual for a recession) is called
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Question 7
5 out of 5 points
The labor-force participation rate equals
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Question 8
5 out of 5 points
According to real business cycle (RBC) theory, the main source of the business cycle is
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Question 9
5 out of 5 points
The liquidity effect is the
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Question 10
5 out of 5 points
A partial-equilibrium model is a model in which
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Question 11
5 out of 5 points
A variable that is determined within a model is called
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Question 12
5 out of 5 points
The price-level effect is the situation when a higher nominal interest rate results from a(n)
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Question 13
5 out of 5 points
A rise in foreign incomes causes net exports to
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Question 14
5 out of 5 points
Full-employment output is the amount of output produced when the economy is
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Question 15
5 out of 5 points
Consumption spending is about ____ of aggregate demand.
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Question 16
5 out of 5 points
The natural rate of unemployment reflects ________ normal job turnover.
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Question 17
5 out of 5 points
General equilibrium is a situation in which all markets are in ________ an
