If the nominal interest rate in an economy is 6%, and the rate of inflation in the economy is 4%, the real interest rate in the economy is:
A) 10%. B) 24%. C) 1.5%. D) 2%.
D
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Macroeconomics is the study of ________ while microeconomics studies ________
A) large business enterprises; small business ventures B) the overall household economic activity; market behavior C) an individual firm; the overall economic performance of a nation D) the overall economic performance of the world; the economy of a single country E) none of the above
Which of the following is NOT an activity carried out by Federal Reserve district banks?
A) open market operations B) issuing new Federal Reserve Notes C) making discount loans D) examining state member banks
________ recognizes that obtaining any scarce good involves a cost which affects behavior and goal setting
a. The Dagher Theory b. Fiduciary thinking c. The Nish-Byer Theory d. Economic thinking
To understand most of today's economic activity in the U.S. economy, we should look at which of the following models?
a. perfect competition and pure monopoly b. perfect competition and oligopoly c. oligopoly and monopolistic competition d. monopolistic competition and monopoly