By how much did real GDP decline between 1929 and 1933?
A) 18%
B) 20%
C) 27%
D) 81%
C
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A major characteristic of monopoly is
A) a single seller of a product. B) multiple sellers of a product. C) two sellers of a product. D) a few sellers of differentiated products. E) a few sellers of an identical product.
Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the transaction, the total impact on the money supply will be a:
a. $100 million decrease in the money supply. b. $100 million increase in the money supply. c. $200 million increase in the money supply. d. $500 million increase in the money supply.
The opportunity costs associated with the use of resources owned by a firm are usually
a. externalities. b. implicit costs. c. explicit costs. d. sunk costs.
The consumer price index was 200 in 2008 and 190 in 2009 . The nominal interest rate during this period was 4.5 percent. What was the real interest rate during this period?
a. - 0.75 percent b. - 0.5 percent c. 9.5 percent d. 9.75 percent