If the rate of inflation is 6 percent, the prime rate of interest is 9 percent, and the unemployment rate is 6 percent, how much is the misery index?
What will be an ideal response?
12
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Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita ________ between 2008 and 2009.
A. remains constant B. increases C. decreases D. cannot be calculated
A budget surplus occurs when ________
A) government spending exceeds tax revenue B) tax revenue exceeds government spending C) imports exceed exports D) exports exceed imports
The market demand curve is derived by summing individual demand curves horizontally
a. True b. False Indicate whether the statement is true or false
If the nominal interest rate is 2 percent and the real interest rate is 1 percent, inflation is:
A. 0 percent. B. 2 percent. C. ?1 percent. D. 1 percent.