In the United States, nominal interest rates were
a. high in the 1970s and 1990s.
b. low in the 1970s and 1990s.
c. high in the 1970s and low in the 1990s.
d. low in the 1970s and high in the 1990s.
c
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Explain what is meant by economic efficiency. Does efficiency imply that the fastest production processes or the most powerful equipment must always be used? Explain
What will be an ideal response?
An increase in demand for mobile device apps occurs. Which of the following statements is TRUE for individual firms that produce mobile device apps?
A. The price of mobile device apps will increase leading to an increase in the demand for labor by the firm. B. The price of mobile device apps will increase leading to a decrease in demand by customers leading to a decrease in the demand for labor by the firm. C. The price of mobile device apps will decrease leading to an increase in the demand for labor by the firm. D. A change in demand at the industry level does not influence an individual firm's demand curve for labor.
Refer to the scenario above. What will be the future value of the deposit after 1 year?
A) $8,420 B) $8,480 C) $8,640 D) $8,820
In the graph of the money market, the money supply curve is
a. vertical. It shifts rightward if the Fed buys bonds. b. vertical. It shifts rightward if the Fed sells bonds. c. upward sloping. It shifts rightward if the Fed buys bonds. d. upward sloping. It shifts rightward if the Fed sells bonds.