The money supply, as measured by M1, consists almost entirely of currency
Indicate whether the statement is true or false
FALSE
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High interest rates contribute to a lower federal budget deficit.
A. True B. False C. Uncertain
Which of the following statements is correct?
a. In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States. b. In 2014, real GDP per person was higher in the United Kingdom than in the United States. c. The average annual growth rate of real GDP was higher in the United Kingdom than in the United States between the late 1800s and 2014. d. All of the above are correct.
After graduating from high school, Balin plans to go to college. The college tuition is $15,000 a year. But, instead of going to college, Balin could take a full-time job paying $20,000. If Balin decides to go to college, what is his opportunity cost for attending for one year?
A. $35,000 B. $5,000 C. $15,000 D. $20,000
The nominal interest rate equals the:
A. inflation rate minus the real interest rate. B. real interest rate minus the inflation rate. C. real interest rate plus the inflation rate. D. real interest rate divided by the inflation rate.