The real interest rate is the
a. interest rate corrected for inflation.
b. interest rate as usually reported by banks.
c. difference between the interest rate charged by banks on the loans they make and the interest rate paid by banks to their depositors.
d. difference between the average dividend yield on stocks and the average interest rate on bonds.
a
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Which of the following represents ownership of a firm?
A) commodities B) stocks C) bonds D) loans E) short-term securities
Which US President was in office during World War I?
a. Grover Cleveland. b. Herbert Hoover. c. Abraham Lincoln. d. Woodrow Wilson.
An increase in net wealth will: a. increase consumption and saving at each level of income
b. increase saving and decrease consumption at each level of income. c. decrease consumption and saving at each level of income. d. increase consumption and decrease saving at each level of income. e. have no effect on consumption because consumption is a function of income.
Which of the following has the greatest effect on the rate of seasonal unemployment?
a. inflation b. lack of skills c. lack of information d. weather