The primary mission of the World Bank today is to
A) provide capital to underdeveloped countries.
B) provide capital to firms around the world.
C) provide financial assistance for the reconstruction of war-damaged nations.
D) provide a safe place for people around the world to put their money.
E) help countries manage their exchange rates.
A
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The American Recovery and Reinvestment Act of 2009 was implemented primarily to:
A. reduce inflationary pressure caused by oil price increases. B. curb the overspending by households that contributed to the Great Recession. C. bring the federal budget back into balance. D. stimulate aggregate demand and employment.
Suppose that many corporations begin issuing new bonds. Everything else being equal, what is most likely to happen to the interest rate?
A. It will increase. B. It will decrease. C. It will not change. D. It will vary according to a random walk.