Internal balance describes
A) equilibrium in the goods market.
B) a desired level of trade or capital flows.
C) where the IS and BP curve intersect.
D) a domestic rate of growth consistent with a low unemployment rate.
D
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If a lender charged a 9 percent nominal interest rate and the expected inflation rate is 4 percent, what is the difference between the real rate the lender received and the real rate the lender expected when actual inflation ended up being 2 percent?
a. 2 percent b. 4 percent c. -4 percent d. 1 percent e. 0 percent
Answer the following statement(s) true (T) or false (F)
1. Investment refers to the purchase of consumer goods and services by households. 2. In each year since 1929, consumption has been less than half of total expenditures for goods and services for the GDP. 3. Services is one of the three categories that consumption is divided into. 4. In economics, an investment involves trading money for stock certificates. 5. Net exports are a small proportion of GDP and are often negative for the United States.
The income elasticity of demand for jewelry is 2. Other things equal, a 10% increase in consumer income will ________ the quantity of jewelry demanded by ________
A. decrease; 5%. B. increase; 5%. C. increase; 20%. D. decrease; 20%.
Private property rights imply that people can own things, and they can do what they want with what they own even if they infringe on the private property rights of others
a. True b. False Indicate whether the statement is true or false