Suppose banks are issuing personal loans at an interest rate of 9%. If expected inflation is 3%, then the:
What will be an ideal response?
real interest rate is 6% and the nominal interest rate is 9%.
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Under SFAS No. 13, equal monthly rental payments for a particular lease should be charged to rental expense by the lessee for which of the following?
Capital lease Operating lease a. Yes No b. Yes Yes c. No No d. No Yes
If the price of x falls, the budget constraint:
a. shifts outward in a parallel fashion. b. shifts inward in a parallel fashion. c. rotates outward about the x-intercept. d. rotates outward about the y-intercept.
Two main reasons that the deficit may increase are:
A. decreases in tax revenues and government spending. B. decreases in tax revenues and an increase in government spending. C. increases in household spending and decreases in firm spending. D. changes in interest rates and unemployment.
In 1980 the highest marginal tax rate was
A. 28 percent. B. 33 percent. C. 50 percent. D. 70 percent.