The consumer price index was 225 in 2008 and 232.2 in 2009 . The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?
a. 1.6 percent
b. 3.3 percent
c. 5.1 percent
d. 7.4 percent
b
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What was the GATT?
What will be an ideal response?
Suppose that at the current level of output, price = $12, MC = $14, AVC = $7, and ATC = $9. Which of the following is TRUE?
A) The firm should decrease output. B) The firm should shut down. C) The firm should increase output. D) The firm should maintain the current level of output.
Gross private domestic investment
a. excludes all investment in the United States by foreign firms b. includes all capital in the United States c. includes net additions to the capital stock plus all new corporate stocks and bonds d. includes expenditures on new factories, tools, and machinery e. excludes the expenditures on residential structures and the cost of changes in inventories
Firms need to know the shape of a demand curve to use marginal analysis
a. True b. False Indicate whether the statement is true or false