The _____ interest rate tells you how fast the number of dollars in your bank account will rise over time, and it is the sum of the _____ interest rate and the _____
Fill in the blank(s) with correct word
nominal, real, inflation rate
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Flora's Flower Shop bought a new van for $23,000. Today, the market price of this van is $11,000. The economic depreciation of the van is ________
A) $23,000 B) $12,000 C) $11,000 D) $34,000
How can one tell from cross elasticity what kind of relationship exists between any two goods?
What will be an ideal response?
To be successful in stabilizing AD, the application of a constant growth-rate rule for the money supply requires
A) a constant velocity of money. B) a steady and predictable rate of growth of the velocity of money. C) a steady and predictable rate of growth of the velocity of income. D) Both B and C are correct.
Which of the following statements is true?
a. Natural resources per worker influence productivity only when those natural resources are renewable. b. The prices of most natural resources are stable or falling relative to other prices. c. Technology requires greater use of natural resources. d. The terms human capital and technological knowledge are used interchangeably.