Since World War II the U.S. ________
A) has seen a substantial increase in the inflation rate
B) has seen less frequent periods of deflation
C) has seen a significant upward trend in real GDP
D) all of the above
E) none of the above
D
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What is the difference between microeconomics and macroeconomics? Give an example of an issue each studies
What will be an ideal response?
Beachcomber Beatrice spent her entire wealth of $100,000 to build a beach house on the Gulf of Mexico. There is a 10 percent chance that the house will be totally destroyed by a hurricane
Beatrice's utility of wealth schedule is given in the table above. What is the minimum amount that the insurance company would require Beatrice to pay for an insurance policy that pays $100,000 if her beach house is destroyed by a hurricane? (Assume the insurance company has no other costs.) A) $10,000 B) $30,000 C) $40,000 D) $60,000
The macroeconomic policy planner's job is made difficult because of
a. inaccurate multiplier estimates. b. timing problems. c. disagreements over potential GDP. d. uncertain forecasts. e. All of the above are correct.
Other things being equal, an increase in the rate of interest causes
a. an upward movement along the demand for money curve. b. a downward movement along the demand for money curve. c. a rightward shift of the demand for money curve. d. a leftward shift of the demand for money curve.