At what point could the Euro be used as currency?
A) January 1, 1998
B) January 1, 1999
C) January 1, 2000
D) January 1, 2002
D
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Ball found that the disinflation of the early 1980s in the United States had a sacrifice ratio of about
A) 0. B) 1. C) 2. D) 3.
Inventory investment can be:
A. zero only. B. negative, zero, or positive. C. negative only. D. positive only.
If the inflation rate is 3% and the nominal interest rate is 4%, then the real interest rate is around
A. 1%. B. 3%. C. 12%. D. 7%.
Refer to the below graph of a hypothetical market for health care. Assume that health insurance pays four-fifths the cost of health care. The consumer will end up consuming how many units of health care and pay (out-of-pocket) how much of it per unit?
A. 600 units, for $20 per unit
B. 450 units, for $40 per unit
C. 300 units, for $60 per unit
D. 450 units, for $80 per unit