Given U.S. tax laws, persistently high inflation may result in
a. They increase growth because particulates provide an additional carbon source
b. faster economic growth because the after-tax real interest rate is higher.
c. slower economic growth because the after-tax nominal interest rate is lower.
d. faster economic growth because the after-tax nominal interest rate is higher.
a
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If the dollar rises against the euro, the dollar buys ________ euros, the euro ________ and the dollar ________
A) more; depreciates; appreciates B) more; appreciates; depreciates C) less; appreciates; depreciates D) more; depreciates; depreciates E) less, depreciates; appreciates
If your bank receives a demand deposit of $4,000 and the legal reserve requirement is 20 percent, then it can make additional loans of
a. $800 b. $3,200 c. $4,000 d. $16,000 e. $20,000
One advantage market economies have over centrally-planned economies is that market economies
a. provide an equal distribution of goods and services to households. b. establish a significant role for government in the allocation of resources. c. solve the problem of scarcity. d. are more efficient.
Does a more steeply sloped Phillips curve make the sacrifice ratio smaller or larger than otherwise?