Actual investment spending does not include
What will be an ideal response?
spending on consumer durable goods
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Suppose the inflation rate target is "0" and the long run federal funds target is also "0." Calculate the federal funds rate if the current inflation rate is 5% and real output is 4.5% below trend output
A) 2.25% B) 5.25% C) 0.5% D) 0.25%
If real GDP is less than potential GDP, the economy is
A) not in macroeconomic equilibrium. B) at full employment. C) in an above-full-employment equilibrium. D) in a below-full-employment equilibrium.
In relatively poor economies, modest expenditures on public health (immunization of children) can produce large improvements
What does this imply about the accuracy of the growth rate of real GDP as a measure of national well-being? How is the situation different in rich economies?
A market demand curve:
a. is the sum of the demand curves of all the individuals in a particular market. b. is determined by the demand of those who purchase in quantity. c. is always horizontal. d. cannot be estimated. e. never includes demand by the government.