The amount of interest owed on a loan of $75,000 after a year at an interest rate of 1 percent is:
A. $7,500.
B. $75,750.
C. $82,500.
D. None of these is true.
D. None of these is true.
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People with less education are:
A. more likely to be unemployed than people with more education. B. less likely to be unemployed than people with more education. C. just as likely to be unemployed than people with more education. D. not comparable to people with more education.
What does it mean for the government to "roll over" its debt?
a. Buying bonds from the public to pay off old bonds b. Continuing to pay interest on old bonds c. Issuing new bonds to pay off old bonds d. Running a budget surplus to pay off old bonds e. Printing money to pay off old bonds
Assume an economy experiences, for a given period, a 4% increase in output and a 2% increase in productivity. Given this information, we know that which of the following occurred for this economy during this period?
A) The unemployment rate increased during this period. B) The unemployment rate decreased during this period. C) The unemployment rate did not change during this period. D) The effects on the unemployment rate are ambiguous. E) none of the above
When the aggregate supply curve is vertical, which of the following is not true?
A. Any increase in the price level will not cause an increase in aggregate output. B. The economy is expanding quickly. C. The economy is at capacity. D. The economy is producing the maximum sustainable level of output.