Education is subsidized because it generates beneficial externalities
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the above figure. Suppose point A is the original equilibrium. If there is an increase in the money supply, the new long-run equilibrium is given by point
A) A. B) B. C) C. D) D.
Suppose that last year the unemployment rate was 5 percent and the inflation rate was 2.5 percent. If the natural rate of unemployment is 5 percent, how do you expect inflation to change?
What will be an ideal response?
The Phillips curve shows the relationship between
A. the rate of inflation and the rate of unemployment. B. the rate of growth of real GDP and the rate of unemployment. C. real prices and real GDP. D. the rate of inflation and the rate of growth of real GDP.
If the rate of return is lower than the cost of borrowing the:
A. investor will lose money on net after paying back the loan. B. investor should take out the loan. C. borrower will make money by taking out the loan. D. savers will lose out by taking a loan.