Which of the following is a leading business cycle indicator?
A. the unemployment rate
B. the volume of outstanding commercial loans
C. new building permits
D. personal income
Answer: C
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When all relevant information is used to forecast inflation, the resulting forecast is called
A) a rational expectation.
B) a natural expectation.
C) an expected forecast.
D) an expansionary expectation.
E) the expected expectation.
The yield curve indicates that the two-year interest rate will be a function of what variables? Include in your answer an explanation of how changes in these variables will affect the two-year interest rate
What will be an ideal response?
Suppose that the price of eggs increases from 75 cents to $1.00 per dozen and as a result a typical farmer experiences a decrease in egg sales from 300 to 200 dozen per week. Using the method of average values, the absolute price elasticity of demand is
A) 1.4. B) 0.8. C) 3.0. D) 1.75.
According to Say's law
A. desired expenditures cannot be compared with actual expenditures. B. desired production are always more than actual production. C. desired expenditures are always less than actual production. D. desired expenditures are always equal to actual expenditures.