If you are using a credit card prudently, you should
What will be an ideal response?
pay the balance in full each month.
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An example of a market failure is
A) a firm is dumping toxic waste that is making people sick. B) when not everyone who wants to see a major league football game can. C) when there is an increase in demand and a shortage develops. D) unemployment.
The natural rate of unemployment occurs if there is no
What will be an ideal response?
If actual output exceeds potential output, ________ shifts upward over time.
A. the short-run AS curve B. the short-run AD curve C. the long-run AS curve D. the long-run AD curve
You will agree to lend your sister's grandma's daughter $2,000 for a year, if at the end of the year she pays you $2,200. The interest rate you are charging her is
A. 1.1%. B. 9.09%. C. 10%. D. 20%.