US 30yr fixed mortgage rates are averaging less than 4% annual interest rates (for those with good credit)
a. true
b. false
Ans: a. true
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Suppose potential GDP is $100 billion and the natural unemployment rate is 5 percent. If the unemployment rate is 6 percent, then according to Okun's Law real GDP is
A) $102 billion. B) $98 billion. C) $101 billion. D) $99 billion. E) $100 billion.
One reason dressing well for a job interview may not be an effective signal is
A. people who are more serious about getting a job will make the investment in a new suit. B. buying a suit takes time away from studying. C. it is costly for a person less interested in the job to buy a new suit. D. a person who has successfully completed a job-training program might be unable to afford a new suit.
Assume that business investment spending rises, and the increase is funded by greater borrowing in the capital markets. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the nominal exchange rate and monetary base in the context of the Three-Sector-Model? a. The nominal exchange rate rises and monetary base rises
b. The nominal exchange rate remains the same and monetary base falls. c. The nominal exchange rate remains the same and monetary base rises. d. The nominal exchange rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The price of a foodstuff falls and the total revenue (received by farmers for selling the foodstuff) rises. What could explain this?
A) Increased supply and elastic demand. B) Real income rises and the foodstuff is an inferior good. C) Real income rises and the foodstuff is a normal good. D) Increased supply and inelastic demand. E) none of the above