Which of the following advances contributed to the "new economy" of the mid-1990s?
A) the increased use of the Internet in selling products and services
B) the lower cost and increased availability of laptop computers
C) expanded cell phone use
D) all of the above
D
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Decreases in the value of existing assets are called:
A. capital losses. B. investment. C. capital gains. D. saving.
Suppose the nominal interest rate is 2% and the real interest rate is -3%. We can deduce that the rate of inflation is
A) 0%. B) 2%. C) 3%. D) 5%.
Use the three basic questions to describe why perfect competition is efficient
What will be an ideal response?
If the actual unemployment rate is below the natural rate of unemployment, then the actual inflation rate must exceed the expected inflation rate, and the economy will be operating along the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false