When inflation suddenly increases, ARMs
A. Protect borrowers against the effects of inflation.
B. Maintain a stable real interest rate.
C. Protect the purchasing power of workers' wages.
D. Protect against rising real interest rates.
Answer: B
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Use the aggregate expenditures model and the following values to answer the next question. AMPCIGT$7500.5$1,000$1,000$500Determine equilibrium consumption for this economy.
A. $3,500 B. $3,250 C. $3,000 D. $2,500
U.S. factories produce ________ of the shoes New Balance sells in the United States
A) none B) about 25 percent C) roughly half D) about 75 percent
The coefficient of a linear regression equation indicates
A) the change in the dependent variable relative to a unit change in the independent variable. B) the change in the independent variable relative to a unit change in the dependent variable. C) the percentage change in the dependent variable relative to a unit change in the independent variable. D) the percentage change in the independent variable relative to a unit change in the dependent variable.
When the curve that envelops the series of possible short-run average total cost curves is horizontal, this means that there are
a. economies of scale b. diseconomies of scale c. constant returns to scale d. diminishing returns e. some fixed factors of production