Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
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Suppose an increase in the price of golf clubs from $75 to $125 leads to an increase in quantity supplied from 200 units to 300 units. The price elasticity of supply for golf clubs at the original price of $75 is ________, so supply is ________.
A. 2; inelastic B. 2; elastic C. 3/4; inelastic D. 4/3; elastic
A financial intermediary that has existed throughout recorded history.
Answer the following statement(s) true (T) or false (F)
If the U.S. interest rate differential falls, then the exchange rate
A) does not change. B) definitely falls. C) definitely rises. D) falls only if it was the U.S. interest rate that changed. E) rises only if it was the foreign interest rate that changed.
Refer to the diagram. The marginal propensity to consume is:
A. .4.
B. .6.
C. .5.
D. .8.