An intermediate good is a good that is
A) neither normal nor inferior.
B) used as an input.
C) a stand-in for all goods.
D) is tangible good that includes substantial services.
B
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Suppose the economy is at a short-run equilibrium GDP that lies above potential GDP. Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?
A) Output will increase. B) Short-run aggregate supply will shift to the left. C) Unemployment will decline. D) Prices will decline.
Which of the following countries successfully combated hyperinflation only to lapse back in to hyperinflation in 2002?
A) Brazil B) Canada C) Mexico D) Argentina
If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?
A) $66,580.89 B) $66,320.48 C) $65,950.96 D) $64,589.13
Banks minimize the risk of loss to depositors by: a. lending to government officials
b. making many different loans to different borrowers. c. refusing to lend money to the U.S. government. d. lending to the richest 1 percent of the population. e. making very long-term loans.