Barbara is willing to loan $10,000 if she can earn a real interest rate of 6 percent. Everything else the same, if the inflation rate is 2 percent, she would agree to loan the $10,000 if the nominal interest rate is ________ because ________
A) 8 percent or higher; she would not earn her desired amount of 6 percent if the nominal interest rate was any lower
B) 4 percent or lower; she would not earn her desired amount of 6 percent if the nominal interest rate was any higher
C) 8 percent; she would earn more than her desired amount of 6 percent
D) 8 percent or lower; she would not earn her desired amount of 6 percent if the nominal interest rate was any higher
E) 4 percent or higher; she would not earn her desired amount of 6 percent if the nominal interest rate was any lower
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
According to your textbook, the benefits of civilization are heavily dependent on
A) accurate numerical estimates by government officials of available resources and of basic consumption requirements. B) agreement among the members of society on the best means for achieving their goals. C) agreement among the members of society on the goals to be pursued. D) government planning for long-run economic growth. E) the ability to induce other people to cooperate.
"Price" in the statement of the Law of Supply refers to:
A. The amount that buyers are willing and able to pay for each unit of the product B. The cost of producing each unit of the product C. The total revenues that sellers receives for selling a given quantity of the product D. The total amount that buyers pay in order to acquire a given quantity of the product
Monopolists attempt to capture producer surplus in the form of profits by using price discrimination.
Answer the following statement true (T) or false (F)