In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real interest in the United States was ________ because the ________
A) 0.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
B) 0.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
C) 3.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
D) 3.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
E) not yet calculated; effects of the financial crisis of 2008-2009 have not yet been tallied
The figure above shows the demand for loanable funds curve.
A
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A line that rises at a 45 degree angle has a slope of
a. 0.45. b. 1. c. 45. d. 1/45.
What is a closed shop?
a. No union members may be hired. b. Hiring to the maximum level is complete. c. The employees have rejected the union. d. Only union members can be hired.
Which of the following most accurately summarizes the implications of an economy's production possibilities curve?
A. If all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced. B. If all the resources of an economy are being used efficiently, it is generally possible to produce more of one good without having to sacrifice the production of other goods. C. Over time, it is generally impossible for a country to expand its production of goods. D. An economy will automatically move toward a point that lies outside of the production possibilities constraint unless proper government policy constrains production.
According to the law of supply, there is a direct relationship between quantity supplied of pickles and:
A. the number of sellers of pickles. B. costs of cucumbers. C. pickling production technology. D. the price of the pickles.