When a country has a large amount of dead capital
A) there is too much political freedom.
B) there is a large amount of economic growth.
C) large amounts of capital will be inefficiently employed.
D) a country's exports increase.
C
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One of the most obvious clues to the relative scarcity of a product is
A) the limited selection of colors. B) the quality of the product. C) the variations in available sizes. D) its current market price.
Which one of the following would benefit financially from unanticipated inflation?
A) a borrower whose loan has a fixed nominal interest rate B) a borrower with an adjustable rate mortgage C) a bank that has made loans at a fixed nominal interest rate D) a firm whose workers are covered by a COLA agreement
A vertical line showing the economy's potential is called the:
A. long-run aggregate supply line. B. short-run aggregate supply line. C. short-run equilibrium output line. D. aggregate demand curve.
If U.S. real interest rates fall, international repercussions put _________________ pressure on the price level and __________________ pressure on Real GDP in the United States
A) upward; upward B) upward; downward C) downward; upward D) downward; downward