As the federal funds rate changes, other interest rates tend to move in the same direction
Indicate whether the statement is true or false
TRUE
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In the figure above, how much is the consumer who buys the 5,000th pizza willing to pay for that pizza?
A) $15 B) $10 C) $12 D) $22.50 E) $5
Predicting business cycles is difficult because
A) they are very persistent. B) the weather changes unpredictably. C) statistics lie. D) their frequency is irregular.
Consider the statement, "The number of beers consumed the night before a test affects the grade." In this statement
A) beer is the dependent variable and test grade is the independent variable. B) beer is the independent variable and test grade is the dependent variable. C) both beer and grade are dependent variables. D) both beer and grade are independent variables.
What is the difference between real GDP and nominal GDP?
(A) Real GDP includes nonmarket activities; nominal GDP has no nonmarket activities. (B) Real GDP allows for depreciation; nominal GDP allows for no depreciation. (C) Real GDP is based on constant prices; nominal GDP is based on the current year's prices. (D) Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars.