The MPC for a country will likely be measured as less than 1.0.
Answer the following statement true (T) or false (F)
True
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The GDP price index equals ________.
A. gross private domestic investment less the consumption of fixed capital B. nominal GDP divided by real GDP C. gross national product less net foreign factor income earned in the United States D. real GDP divided by nominal GDP
To acquire financial capital, a firm can
i. obtain a loan from a bank. ii. issue stock. iii. issue bonds. A) i, ii, and iii B) i and iii C) i only D) iii only E) ii only
Fractional reserve banking has three crucial features: bank profitability, bank discretion over the money supply, and bank exposure to runs
a. True b. False Indicate whether the statement is true or false
Suppose the natural rate of unemployment is 4 percent. If the actual unemployment is 5 percent, then the cyclical unemployment rate is
A. 9 percent. B. -9 percent. C. 1 percent. D. -1 percent.