Which of the following sets of outcomes is exhaustive?
A) win, lose, tie
B) employed full-time, employed part-time, unemployed
C) married, single, widowed
D) All of the above.
A
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What is the value of the spending multiplier when MPC = 0.85 and MPI = 0.3?
a. 1.82 b. 0.85 c. 2.22 d. 1.18 e. 2.50
Financial intermediaries
a. harm both borrowers and lenders because they pay lenders a lower rate of interest than they charge to borrowers b. specialize in assembling loanable funds from households and firms, and channeling those funds to other households, firms, and government agencies c. are all depository institutions d. increase the risk of lending and borrowing because a financial intermediary has nothing to lose from such transactions e. reduce efficiency because they add an extra step to many financial transactions
A usury rate is like a price ceiling
a. True b. False Indicate whether the statement is true or false
In the calculation of a country's GDP per capita, the entire population of the country is included, irrespective of age
a. True b. False Indicate whether the statement is true or false