The highest interest rates in the world are found in countries
a. that have followed a monetary policy that is highly restrictive.
b. with governments that have run large budget surpluses.
c. with governments that have run sizable budget deficits.
d. that have followed an expansionary monetary policy that resulted in high rates of inflation.
D
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Looking at the annual inflation rates in the United States from 2000 to 2013, we see that they
A) were above 10 percent throughout the period. B) were at or below 5 percent throughout the period and was negative for a year. C) started low, but increased to over 9 percent by the end of the period. D) started out above 10 percent but fell to 5 percent by the end of the period. E) were negative for most of the years during this period.
The "efficiency wage" is the wage at which
A) employees have no incentive to shirk. B) employees have an incentive to do the optimal (positive) amount of shirking. C) the cost of looking for work is equal to the value of the leisure time for the unemployed individual. D) there is no unemployment. E) there is only frictional unemployment.
In 2010, the United States had a nominal GDP of $14,958 billion and a real GDP of $13,598 billion, what was the GDP deflator?
a. 100 b. 109 c. 110 d. 111
If a country were to increase its saving rate, then in the long run it would also increase its
a. level of income. b. growth rate of income. c. growth rate of productivity. d. All of the above are correct.