If the nominal interest rate is 11 percent and the inflation rate is 9 percent, then the real interest rate is approximately
A) 2 percent.
B) 20 percent.
C) 4 percent.
D) 18 percent.
A
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For many small firms, providing health insurance for their workers
A) represents their most rapidly increasing cost. B) costs virtually nothing under the ACA. C) encourages them to hire more full-time workers. D) has decreased in cost over the past 10 years.
Job search theory regards ________ unemployment as a socially valuable, productive investment undertaken by the job searcher
A) structural B) cyclical C) mismatch D) frictional
In what way is a stronger yen/weaker dollar a burden for Japanese exporters?
A) They received dollars when they sell goods but most of their costs of production are in yen. B) They receive yen when they sell goods but most of their costs of production are in dollars. C) The price of their exports will decline, resulting in lower profits. D) The stronger yen is likely to increase Japanese inflation, resulting in lower profits.
Refer to above Table 2-2. The chain-weighted GDP deflator for year 2 is
A) 1.313. B) 1.211. C) 1.324. D) 1.280.