When the expected inflation rate equals the actual inflation rate, the real interest rate was accurately estimated.
Answer the following statement true (T) or false (F)
True
Economics
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The state governments in the U.S. spend a large percentage of their funds on ________
A) public welfare B) social security C) national defense D) income security
Economics
If the price of gasoline rises by 20 percent and consumption of gasoline falls 5 percent,
A. demand is elastic. B. demand is unit elastic. C. demand is inelastic. D. elasticity of demand cannot be calculated.
Economics
The immediate-short-run aggregate supply curve is:
A. vertical. B. downward sloping. C. upward sloping. D. horizontal.
Economics
Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every:
A. 6.72 years. B. 15.91 years. C. 44 years. D. 65.6 years.
Economics