If the nominal rate of interest is 10.5 percent, and the inflation rate is 4.3 percent, what is the real rate of interest?
a. 3.0 percent
b. 4.3 percent
c. 6.2 percent
d. 10.5 percent
c
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The aggregate demand curve identifies the level of aggregate production corresponding to a change in the price level
a. True b. False
Provide an example of a positive externality and explain: 1) why it should be considered a positive externality and 2) what could be done in order to internalize the externality.
What will be an ideal response?
For decades, the NCAA restricted the number of college football and basketball games that could be televised, and in 1982 the University of Georgia and the University of Oklahoma sued the NCAA under the federal antitrust laws. In 1984, the Supreme Court
decided the case A) for the NCAA, citing the fact that belonging to the NCAA was voluntary. B) against the NCAA, citing that the NCAA did not control what television networks put on the air. C) against the NCAA, citing anticompetitive practice. D) against the NCAA, citing explicit collusion among the larger colleges.
Refer to Table 19-29. Based on the table above, what is national income for this economy?
A) $4,700 billion B) $4,000 billion C) $3,150 billion D) $2,450 billion