Individuals who purchase services and goods for the purpose of consumption are:
A. consumers.
B. agents.
C. workers.
D. managers.
Answer: A
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If the nominal interest rate in an economy is 8% and the real interest rate is 4%, the inflation in the economy is:
A) 4%. B) 32%. C) 12%. D) 8%.
Which of the following is NOT an explicit cost?
A. rent B. taxes C. opportunity cost of using an owner's savings D. wages
________ is the ease with which a financial security can be exchanged for money
A) Risk B) The face value C) Liquidity D) The rate of return
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. Suppose the economy is at Point C. What can possibly move the economy to Point D?
A. a leftward shift in the AD curve B. a leftward shift in the AS curve C. a rightward shift in the AD curve D. a rightward shift in the AS curve