If the amount you owe on your house is greater than the price of the house, you have
A) negative equity in your house. B) no value to your house.
C) a reverse mortgage on your house. D) a mortgage rate that is too high.
A
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
The "Four Freedoms" are an important goal of the
A) Treaty of Rome. B) Single European Act. C) European Monetary System. D) Maastricht Treaty. E) European Free Trade Area.
Other things the same, people in the U.S. would want to save more if the real interest rate in the U.S
a. fell. The increased saving would increase the quantity of loanable funds demanded. b. fell. The increased saving would increase the quantity of loanable funds supplied. c. rose. The increased saving would increase the quantity of loanable funds demanded. d. rose. The increased saving would increase the quantity of loanable funds supplied.
Which aggregate supply curve has a positive slope?
A) long run only B) short run only C) both long run and short run D) neither long run nor short run