Total factor productivity shocks are not a good explanation of economic fluctuations in the New Keynesian model for all the following reasons except
A) they do not generate output fluctuations.
B) employment drops when TFP increases.
C) the real wage drops when TFP increases.
D) they do not generate price fluctuations.
C
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The interest rate banks charge each other on loans of reserves is called the
A) required reserve rate. B) discount rate. C) real interest rate. D) coupon rate. E) federal funds rate.
In 2014, the NCAA was the subject of two antitrust lawsuits related to video games. The NCAA reached a settlement in which it agreed to
A) pay current and former athletes whose names or images had been used in NCAA-branded video games. B) split into two separate entities, one which monitors college athletics and the other which markets products. C) stop authorizing the production of NCAA-branded video games. D) allow schools to pay athletes so it could continue to use their images in the video games.