All of the following would be considered a current account transaction EXCEPT the
A) importing of services.
B) exporting of goods.
C) importing of capital.
D) importing of goods.
Answer: C
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A fall in the real interest rate
A) results in a movement along the demand for loanable funds curve. B) shifts the demand for loanable funds curve rightward. C) shifts the demand for loanable funds curve leftward. D) has no effect on the demand for loanable funds curve
Which of the following best describes a steady state?
A) Political stability is maintained by the state. B) The standard of living is increasing at a stable rate. C) Each firm in the economy receives a steady stream of income. D) Output per worker, consumption per worker, and capital per worker are constant.
If a market is in disequilibrium, economists would predict that the product's price would __________ to reach equilibrium when the quantity demanded is __________ than the quantity supplied
A) rise; greater B) fall; less C) fall; greater D) rise; less E) a and b
Lucretia puts $400 into an account when the interest rate is 10 percent. Later she checks her balance and finds it's worth about $708.62 . How many years did she wait to check her balance?
a. 5 years b. 6 years c. 7 years d. 8 years