As a Result of the Overnight Target Rate Set at the Effective

question 140

Multiple Choice

As a result of the overnight target rate set at the effective lower bound during the 2008-2009 Canadian recession,the ADI-IA model was

• A) no longer self-correcting as interest rates could not be reduced when inflation rates fell.
• B) no longer self-correcting as fiscal policy could not eliminate the recessionary gap.
• C) no longer self-correcting as inflation rates could not change.
• D) extremely effective as lower inflation rates reduced interest rates even further.
• E) extremely effective as lower inflation rates reduced real interest rates to negative values.

Understand the concept of promissory estoppel and its requirements as an exception to the consideration requirement.

Identify the types of contracts that require a written form under the Statute of Frauds.

Explain the various types of damages that can be awarded for breach of contract and the principles behind them.

Comprehend the federal E-SIGN Act and its implications for online contracts.

---

Definitions:

Human Capital

The collective skills, knowledge, and abilities of an organization's employees considered as an economic value.

Workforce Participants

are individuals who are actively engaged in the workforce, either as employees, self-employed individuals, or volunteers, contributing to the economic activity.

Global Economy

An interconnected marketplace without geographical limits, where goods, services, and labor are exchanged worldwide.

Vocational Rehabilitation Act

A federal law enacted in 1973 designed to help individuals with disabilities access rehabilitation services to gain employment, enhancing their economic independence.