Which of the following World War I (1914–18) institutions reappeared in various forms during the Great Depression and/or World War II (1941–45)?
(a) The U.S. Grain Corporation
(b) The War Industries Board
(c) The United States Housing Corporation
(d) All of the above
(d)
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The table above shows the supply of loanable funds and the demand for loanable funds schedules
a. What is the equilibrium real interest rate and the equilibrium quantity of loanable funds? b. If the real interest rate is 4 percent, is there a shortage or surplus? What will happen in the market?
What is the present value of $1 that will be paid to you in 6 years if the interest rate is 10%? Work it out to the nearest tenth of a cent.
What will be an ideal response?
Government purchases include spending on goods and services by
a. the federal government, but not by state or local governments. b. federal and state governments, but not by local governments. c. federal, state, and local governments. d. federal, state, and local governments, as well as household spending by employees of those governments.
If Hermione pays $10.00 in taxes on $100 of income and $10.25 on $101 of income, which of the following is not true?
A. Her marginal tax rate at $100 is 25 percent. B. Her average tax rate at $100 is 10 percent. C. She faces a progressive tax. D. Her marginal tax rate at $100 is 10.25 percent.