The equilibrium real interest rate is the rate ________
A) at which the output gap is zero
B) at which the inflation rate is low
C) controlled by the central bank
D) all of the above
E) none of the above
A
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The value of a slice of pizza to a consumer is equal to
A) its marginal benefit. B) the maximum price the consumer is willing to pay. C) the consumer surplus. D) Both answers A and B are correct. E) Both answers B and C are correct.
The body that is responsible for dating the beginning and ending dates for a recession is
A) the Congress. B) the National Bureau of Economic Research. C) the Bureau of Economic Analysis. D) the Fed.
The increase importance of Social Security taxes at the federal level has likely _____
a. decreased the excess burden of the federal tax sytem b. increased the efficiency of the federal tax system c. increased the progressivity of the federal tax system d. reduced the progressivity of the federal tax system
According to the open-economy macroeconomic model, if the United States moved from a government budget deficit to a government budget surplus, U.S. real interest rates would increase and the real exchange rate of the U.S. dollar would appreciate
a. True b. False Indicate whether the statement is true or false