Ryan deposits $900 at an annual interest rate of 9%. The total amount in Ryan's account after one year will be ________
A) $963
B) $975
C) $981
D) $999
C
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Typically, as an economy begins to emerge from a recessionary phase of the business cycle,
A) unemployment falls immediately. B) inflation begins to fall. C) unemployment continues to rise. D) investment begins to fall.
When interest rates fall, people are
a. More likely to borrow b. Less likely to borrow c. Not likely to change borrowing patterns d. None of the above
Other things the same, which of the following responses would we expect from an increase in U.S. interest rates?
a. Your aunt puts more money in her savings account. b. Foreign citizens decide to buy fewer U.S. bonds. c. You decide to purchase a new oven for your cookie factory. d. All of the above are correct.
It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial policy
What criteria would you apply to determine whether such a policy is or is not successful? Judging from your own stated criteria, was Japan's exercise successful? Why or why not? What information would a government require in order to increase the probability that its industrial policy would promote long term self-generated economic growth?