The real interest rate is the
A. nominal interest rate plus the anticipated inflation rate.
B. nominal interest rate plus the anticipated interest rate.
C. nominal interest rate minus the anticipated interest rate.
D. nominal interest rate minus the anticipated inflation rate.
Answer: D
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The number of adults not in the work force of a country equals 6 million and the number of individuals employed is 5 million. If there are 12 million potential adult workers in the economy, what is the current unemployment rate in this country?
A) 21 percent B) 16.67 percent C) 30.55 percent D) 12.45 percent
Refer to Scenario 12.2. What is the profit maximizing level of output?
A) 171.43 B) 120 C) 150 D) all of the above E) none of the above
Of the theories listed below, which do the best job of explaining why educated people are paid more than uneducated people?
a. human-capital and price-fixing b. human-capital and signaling c. wage-differential and signaling d. wage-differential and compensating-differentials
Figure 10.1 depicts a firm's marginal revenue product curve. The marginal revenue product curve is negatively sloped because ________ decreases as the firm uses more labor.
A. the hourly wage B. the marginal product of labor C. the product price D. None of these