You could borrow $2,000 today from Bank A and repay the loan, with interest, by paying Bank A $2,154 one year from today. Or, you could borrow X dollars today from Bank B and repay the loan, with interest, by paying Bank B $2,477.10 one year from today. In order for the same interest rate to apply to the two loans, X =
a. $2,300.00.
b. $2,450.00.
c. $2,500.00.
d. $2,525.50.
a
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If the credit supply curve of an economy shifts to the left and the credit demand curve remains unchanged, ________
A) its real interest rate will rise B) its real unemployment level will fall C) its real interest rate will fall D) its real output will increase
A profit-maximizing firm will produce the level of output at which:
a. average revenue equals average cost. b. average revenue equals average variable cost. c. marginal revenue equals marginal cost. d. marginal cost equals average revenue. e. marginal revenue exceeds marginal cost by the maximum amount.
Suppose in 2000 . nominal GDP in Russia was 1000 rubles and it increased to 2000 rubles in 2001 . If we know that no increase in real GDP occurred, then the GDP deflator must be
a. 150 b. 100 c. 0.50 d. 200 e. 105
Assume equilibrium real GDP per year is equal to full-employment real GDP. Which of the following will cause a recessionary gap?
A. a reduction in aggregate demand B. an increase in aggregate demand C. a discovery of a new raw material D. a temporary reduction in the price of oil