Because prices are sticky in the short-run, when the Federal Reserve raises the federal funds rate
A) nominal interest rates fall.
B) real interest rates rise.
C) inflation falls.
D) real interest rates fall.
B
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The crowding-out effect is the tendency for
A) higher government budget deficits to increase total savings. B) lower private saving to decrease investment. C) higher government budget deficits to decrease investment. D) higher private savings to decrease government budget surpluses. E) lower private saving to increase the budget deficit.
If a six-sided die is rolled 90,000 times and a number five appears 15,000 times, the relative frequency of the number five appearing is ________.
A) 15,000 B) 90,000 C) 0.167 D) 5
If German imports of French products are very important in determining the volume of German exports to France, we would expect the actual German spending multiplier to be larger than 1/(marginal propensity to save + marginal propensity to import)
a. True b. False Indicate whether the statement is true or false
Labor productivity is measured as:
a. the share of wages in national income. b. the change in labor to capital ratio. c. real output per labor hour. d. the change in output from hiring an additional unit of labor. e. the growth in the quantity of labor.