If the nominal interest rate is 10% and expected inflation is 5%, the real expected interest rate is
A) 15%.
B) -5%.
C) 5%.
D) 10%.
C
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The average duration of unemployment across the labor force is about
A. 8 weeks. B. 15 weeks. C. 25 weeks. D. 4 weeks.
McDonald's is a fast-food restaurant chain. Which of the following would be a long-run decision for McDonald's?
A) open a new restaurant in a city B) hire one more worker in a restaurant location C) supply more hamburgers in one restaurant D) replace the manager of a restaurant
Suppose the perfectly competitive equilibrium occurs such that too many units of the good are produced. This is an example of
A. greedy business people behaving in an inappropriate manner. B. firms have not yet exited the industry. C. marginal cost pricing. D. market failure.
Refer to the data. The marginal cost of the fifth unit of output is:
A. $80.
B. $90.
C. $50.
D. $20.