Nearly one in four Hispanic persons live in poverty.
Answer the following statement true (T) or false (F)
True
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If the nominal interest rate is 0% and the real interest rate is 2%, what is the inflation rate?
A) -2% B) 2% C) -4% D) 0%
If the cross elasticity of demand between coffee and tea is positive, an increase in the price of tea will shift the demand curve for
A) tea rightward. B) tea leftward. C) coffee rightward. D) coffee leftward.
Everything else held constant, in the market for reserves, when the federal funds rate is 3%, lowering the interest rate paid on excess reserves rate from 2% to 1%
A) lowers the federal funds rate. B) raises the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
From mid-year 2006 to year-end 2008, housing prices
a. fell by approximately 30 percent, leading to a sharp reduction in aggregate demand. b. increased by approximately 30 percent leading to a sharp increase in aggregate demand. c. declined by a smaller about than in previous recessions. d. were unchanged, but a sharp decline in stock prices reduced aggregate demand.