The nominal interest rate cannot fall below
A) the real interest rate.
B) the rate of growth in the money stock.
C) 2%.
D) zero.
D
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The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computers after technological advances in making computers occur?
A) Graph A B) Graph B C) Graph C D) Graph D
Pizza joints often offer substantially lower prices for pizza picked up at the shop compared to delivered pizza prices. This may be an attempt at
A) perfect price discrimination. B) group price discrimination. C) quantity discrimination. D) second-degree price discrimination.
People often choose to specialize and trade because:
A. it will allow them to enjoy more goods than they can create on their own. B. they can consume a bundle of goods on their production possibilities frontier. C. it always allows them to produce at a point beyond their own production possibilities frontier. D. they can take advantage of another nation’s poor choices.
Suppose in a given year, GDP was $7,242 billion and the GDP chain price index for that year is 117.5 . Real GDP is:
a. $5,488 billion. b. $6,163 billion. c. $6,740 billion. d. $7,789 billion.