ECO 320 Final Exam Answers

ECO 320 Final Exam Answers
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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.
Answer
Question 3
5 out of 5 points
The OCC is the main supervisor for
Answer
Question 4
5 out of 5 points
In regards to the Glass-Steagall Act, banks argued that they
Answer
Question 5
5 out of 5 points
A period when an expansion ends and a recession begins is
Answer
Question 6
5 out of 5 points
A particularly bad recession (in which output declines much more than usual for a recession) is called
Answer
Question 7
5 out of 5 points
The labor-force participation rate equals
Answer
Question 8
5 out of 5 points
According to real business cycle (RBC) theory, the main source of the business cycle is
Answer
Question 9
5 out of 5 points
The liquidity effect is the
Answer
Question 10
5 out of 5 points
A partial-equilibrium model is a model in which
Answer
Question 11
5 out of 5 points
A variable that is determined within a model is called
Answer
Question 12
5 out of 5 points
The price-level effect is the situation when a higher nominal interest rate results from a(n)
Answer
Question 13
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