If a macroeconomic variable tends to aid in predicting the future path of real GDP, it is said to be a
A) convenient variable.
B) coincident variable.
C) leading variable.
D) lagging variable.
C
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A simultaneous increase in demand and decrease in supply would lead to:
a. An increase in the equilibrium price and a decrease in the quantity sold b. An increase in both the equilibrium price and the quantity sold. c. A decrease in both the equilibrium price and the quantity sold. d. An uncertain effect on the equilibrium quantity but an increase in the equilibrium price.
At present, what is the approximate natural rate of unemployment in the United States?
a. 4.5 percent b. 5.5 percent c. 7 percent d. 8.5 percent e. 2.5 percent
Refer to Figure 19.2. Diminishing marginal utility begins after
A. The third apple. B. The fourth apple. C. The first apple. D. The fifth apple.
Assuming a market interest rate of 6 percent per year, what is the present value of $5,000 payable at the end of three years?
A) $4,717 B) $4,450 C) $4,198 D) $4,317