Output expanded and was distributed toward wartime uses and away from private uses only during World War I (1914–18), not World War II (1941–45). The high unemployment of the 1940s made this possible
Indicate whether the statement is true or false
False
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In the Keynesian model which includes the Keynesian short-run aggregate supply curve
A) an increase in aggregate demand would causes the price level to rise, but does not change the level of real GDP. B) an increase in aggregate demand causes real GDP to rise without changing the price level. C) an increase in aggregate demand changes neither the price level nor the level of real GDP. D) an increase in aggregate demand causes real GDP and the price level to decrease.
Which is NOT a function of money?
At the conclusion of its meeting on January 27, 2016, the Federal Open Market Committee released a statement that included the following sentence: "Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and return to 2 percent inflation ." What is the significance of this statement?
What will be an ideal response?
Suppose the interest rate on your car loan is 5% and interest rate is 2%. Calculate the real interest rate ______.
Fill in the blank(s) with the appropriate word(s).