The level of real GDP and the price level that equate the aggregate quantity demanded and the aggregate quantity supplied is known as macroequilibrium
Indicate whether the statement is true or false
T
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A method of detecting discrimination that involves researchers faking identities for people who are essentially alike but but differ in race, gender, or some other characteristic is called
A) the audit method. B) regression analysis. C) statistical discrimination. D) taste-based discrimination.
You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. If inflation over the year is 2%, what is the real interest rate you are paying?
A) 2% B) 2.5% C) 3% D) 5%
If the consumption function is defined as C = 7,250 + 0.8Y, what is the marginal propensity to save?
A) 0.2 B) 0.8 C) 5.8 D) 7.25
The newest member country of the European Union (EU) is
A. Ukraine B. Turkey C. Serbia D. Croatia