The quantity demanded for a good
A) must equal the quantity actually sold.
B) can be less than the quantity actually sold.
C) can be greater than the quantity actually sold.
D) is always greater than the quantity actually sold.
C
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An individual plans to borrow a sum of $10,000 for one year. The nominal interest charged on the borrowed sum is 6%
a. If he takes the loan, what will be the interest amount and the total amount that he would have to pay at the end of the year? b. If the rate of inflation in the economy is 10%, then is it a good idea for him to take the loan? Why or why not?
If a nation's production possibilities curve shifts outward, we should expect its long-run aggregate supply curve to
A) have an upward movement along the curve. B) have a downward movement along the curve. C) have a rightward shift. D) have a leftward shift.
For the economy as a whole: a. income must equal expenditures
b. expenditures exceed income because of taxes. c. income exceeds expenditures because of saving. d. expenditures exceed income because of the government budget deficit.
The four categories of final users of GDP are:
A. households, firms, governments, and the foreign sector. B. businesses, corporations, firms, and farms. C. businesses, firms, governments, and the foreign sector. D. households, the Federal Reserve, governments, and the foreign sector.