The interest rate is the price paid for the use of a:
A. financial liability.
B. real asset.
C. real liability.
D. financial asset.
Answer: D
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Does a change in the real interest rate shift the supply of loanable funds curve? Explain your answer
What will be an ideal response?
Short-run aggregate supply: a. is a fixed volume of output
b. reflects how much RGDP suppliers are willing and able to produce at different price levels. c. shifts only when the LRAS shifts. d. is not affected at all by the price level.
Reese has recently left her teaching job to open a bakery. The ______ is an example of the implicit costs of her bakery business.
a. rent she pays for the commercial space b. teaching salary she gave up to start her bakery c. monthly payments she makes for bakery equipment d. wages she pays her counter assistant
Refer to the information provided in Figure 23.6 below to answer the question(s) that follow.
Figure 23.6Refer to Figure 23.6. Aggregate consumption is 960 when aggregate income is
A. $800. B. $950. C. $1,000. D. $1,125.