If the real rate of return is 0 percent, and the inflation rate is 3 percent, then the nominal interest rate must be:
A. 0 percent.
B. 3 percent.
C. ?3 percent.
D. 6 percent.
B. 3 percent.
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State and local governments spend about ________ of their expenditures on education
A) 14 percent B) 74 percent C) 59 percent D) 34 percent E) 19 percent
Tariffs ________ the domestic price of the good and import quotas ________ the domestic price of the good
A) lower; lower B) lower; raise C) raise; lower D) raise; raise
According to Keynes' theory of money demand, a low interest rate increases the likelihood of a capital ________ and ______ the interest elasticity of money demand
a. gain on bonds; reduces. b. gain on money; increases. c. loss on bonds; reduces. d. loss on money; increases. e. none of the above.
The long-run market supply curve would be downward-sloping if the representative firms':
A. Demand curves shift up as the industry expands B. ATC curves shift down as the industry expands C. Supply curves shift left as the industry expands D. Demand curves shift down as the industry expands