A real variable is one that is
a. not adjusted for the dollar's changing value
b. measured in current dollars
c. adjusted for the dollar's changing value
d. not measured in terms of goods and services
e. not adjusted for changes in the price level
C
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Repeated games are conducive to
A) explicit cooperation. B) tacit cooperation. C) corruption. D) failing to have a Nash equilibrium.
Which of the following would not be included in the government consumption expenditures and gross investment (G) category of GDP?
a. The payments made to Social Security recipients. b. The expenditures made to repair a highway. c. The spending for professors at state universities. d. The purchase of new china for White House functions.
Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves$27,000 Checkable Deposits$110,000Loans50,000 Stock Shares200,000Securities33,000 Property200,000?Refer to the above data. This bank can safely expand its loans by a maximum of:
A. $5,000. B. $12,000. C. $7,000. D. $25,000.
If the natural unemployment rate is 5 percent and the current unemployment rate is 6 percent, then the economy is
A) producing a level of Real GDP that is greater than the level of natural Real GDP. B) in an inflationary gap. C) producing a level of Real GDP that is less than the level of natural Real GDP. D) a and b E) b and c