The inflation rate is the absolute change in the price level from the previous period
a. True
b. False
Indicate whether the statement is true or false
False
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In the simple Keynesian model, why does actual investment spending have to equal saving in the absence of the government and foreign sectors? Is this true only for the equilibrium? Explain
What will be an ideal response?
Which of these nations has the highest rate of union membership (as a share of total employment)?
A) India B) the United States C) Japan D) Sweden
When disposable income is 2500, C is
A. 0.
B. 1000.
C. 2000.
D. 2500.
Nervous Norman holds 70% of his assets in cash, earning 0%, and 30% of his assets in an insured savings account, earning 2%. The expected return on his portfolio
A) is 0%. B) is 0.6% C) is 1%. D) is 2%. E) cannot be determined without knowing what the dollar value of his assets is.