Which of the following statements is correct?
a. As a group, economists see no purpose in distinguishing between the nominal interest rate and the real interest rate.
b. The interest rate that is usually reported is the nominal interest rate.
c. If the nominal interest rate increases and the inflation rate remains unchanged, then the real interest rate decreases.
d. All of the above are correct.
b
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What happens to the market outcome if cartel members cheat on the collusive agreement?
A) Price declines, but firm-level quantities remain the same because the firms act like price takers B) Price and quantity revert to the single-seller monopoly equilibrium outcome C) Other firms raise prices so that the average market price remains unchanged D) Price declines and quantity increases toward the perfectly competitive equilibrium
The current percentage of Americans over the age of 65 is
A. 18.2%. B. 19.0%. C. 13.0%. D. 10.5%.
Union membership as a percentage of the labor force has been falling since the mid ______.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is TRUE?
A) Bank failures inflict serious financial harm on individual depositors. B) Bank failures do not inflict serious financial harm on individual depositors. C) Bank failures inflict not only serious financial harm on individual depositors, but also harm the macroeconomic stability of the economy. D) Bank failures inflict serious financial harm on individual depositors, but fortunately do not harm the macroeconomic stability of the economy. E) Bank failures only inflict serious financial harm on the macroeconomic stability of the economy.