If the probability of losing your job remains ________, a recession would be a good time to purchase a home because the Fed usually ________ interest rates during this time
A) low; lowers
B) low; raises
C) high; lowers
D) high; raises
E) low; does not change
Answer: A
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Use the information in the following table to answer the next question.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200The equilibrium interest rate in this economy is ________.
A. 3% B. 4% C. 5% D. 6%
Calculate GDP for a country with investment of $2 trillion, government purchases of $3 trillion, capital depreciation of $1.5 trillion, consumption of $10 trillion, exports of $3.4 trillion, and imports of $3.9 trillion
Prices enable a market economy to adjust to unexpected events by
a. maintaining consumption and production at stable levels. b. government rationing. c. ensuring that producers always earn a profit. d. adjusting consumption and production.
When analyzing stages of economic development in the United States, it appears that we have entered the "tertiary stage." This is a stage marked by a shift toward
A. services. B. population increases. C. agriculture. D. manufacturing.