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Shifts in I are shown on our graph for the...
Long term capital market
What is the main policy tool in fiscal policy?
G-T or budget position
Trade as a positive sum game
Free Traders
What state did I attend undergrad in?
Tennessee
Buy bonds
We run a budget deficit to...
Stimulate the economy/shift AD right
Trade as a zero sum game
Mercantilism
Who was the leader of the Free French during WW2?
Charles De Gaulle
To shift I to the left, the FOMC will
Sell bonds
We run a budget surplus to...
Contract the economy/shift AD left
How does China cheat in trade?
Peg their currency to the dollar
The Lone Star State
Texas
Buying bonds will _____ interest rates
Decrease
Government borrowing from the long term capital market is concerning for non-interventionists b/c they fear private investment will be...
Crowded out due to rising interest rates
China's money is called
Yuan
FOMC
Federal Open Markets Committee
Some people are concerned this will encourage risky behavior by the banks since any mistake they make the Fed will bail them out...this is called a ______
Moral Hazard
When the government borrows money in the long term capital market it raises interest rates. This, according to noninterventionists, will attract foreign capital and thus _________ the US dollar and hurt exports and act as a drag on AD
Strengthen
Organization that kind of regulates international trade
There’s a one-story house in which everything is yellow. Yellow walls, yellow doors, yellow furniture. What color are the stairs?
There aren’t any—it’s a one-story house.