The Employment Act of 1946
a. implies that the government should avoid being a cause of economic fluctuations.
b. implies that the government should respond to changes in the private economy to stabilize aggregate demand.
c. reflected the ideas promoted in Keynes's influential book, The General Theory of Employment, Interest, and Money.
d. All of the above are correct
d
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Measuring the sensitivity of bank profits to changes in interest rates by multiplying the gap for several maturity subintervals times the change in the interest rate is called
A) basic gap analysis. B) the maturity bucket approach to gap analysis. C) the segmented maturity approach to gap analysis. D) the segmented maturity approach to interest-exposure analysis.
Some hotels in Myrtle Beach, South Carolina charge over $200 a night in the summer but sometimes as little as $99 a night in the winter. Use supply and demand analysis, including graphical and verbal explanation, for these winter “sales.”
What will be an ideal response?