The key difference between "quantitative easing" and "credit easing" is that ________
A) the goal of the former is to raise expected inflation
B) the latter refers to a substantial change in the composition of the central bank's balance sheet
C) the latter refers to a substantial expansion of the central bank's balance sheet
D) the former is endorsed by Federal Reserve Chairman Ben Bernanke, while the latter was devised by Japan's Prime Minister Shinzo Abe
E) none of the above
B
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Government programs aimed at stimulating personal savings:
A. increase welfare if people discount the future too heavily. B. decrease economic efficiency if people have impulse control problems. C. help mitigate regression to the mean in most cases. D. are designed to take advantage of the flaws in the availability heuristic.
The unionization rate of private sector workers is about:
A. 6.5%. B. 12.5%. C. 35.5%. D. 37.7%.