Model Validation Council.
What will be an ideal response?
This council was established by the Board of Governors in 2012 to provide expert and independent advice on its process to rigorously assess the models used in stress tests of banking institutions. Stress tests are required under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The council is intended to improve the quality of stress tests and thereby strengthen confidence in the stress-testing program.
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The nominal interest rate is 7%, today's price level is 150, and you expect the price level to be 156 one year from now. What is the expected inflation rate? What is the expected real interest rate?
What will be an ideal response?
Increased present saving:
A. comes at the expense of reduced current investment. B. comes at the expense of reduced current consumption. C. can only occur if the government increases the amount of money in circulation. D. is only possible if the economy is experiencing positive growth in real GDP.