The dominant factor why the nominal interest rate differs among nations is that ________ differs among nations
A) inflation rate
B) the price level
C) potential GDP
D) the quantity of money
E) the unemployment rate
A
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Which of the following will lead to a movement along the same demand curve?
A. Changes in income B. Changes in the price of substitute goods C. Changes in the price of the product D. Changes in the preference of the consumer
Refer to Figure 2-10. If the economy is currently producing at point D, what is the opportunity cost of moving to point B?
A) 16 thousand spoons B) 46 thousand forks C) 0 forks D) 60 thousand spoons
One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is
A) people's personal discount rate is greater in the far future than in the near future. B) people's personal discount rate is smaller in the far future than in the near future. C) people's personal discount rate is the same in the far future as in the near future. D) None of the above.
A perfectly inelastic supply curve
a. cannot exist b. is horizontal c. has an elasticity of 0 d. has an elasticity of 1 e. is vertical