If nominal GDP in 2001 is $9 trillion, and 2001 real GDP in 1996 prices is $6 trillion, the GDP deflator price index is
A) 7.
B) 100.
C) 150.
D) 200.
C
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A one-year bond currently pays 5% interest. It's expected that it will pay 4.5% next year and 4% the following year. The two-year term premium is 0.2% while the three-year term premium is 0.35%
What is the interest rate on a two-year bond according to the liquidity premium theory? A) 4.5% B) 4.75% C) 4.95% D) 4.975%
For a given money demand curve, an increase in money supply: a. drives up the real interest rate
b. lowers the opportunity cost of holding money. c. decreases the quantity of money demanded. d. drives down the price level in an economy. e. contracts the total output produced in an economy.
As a result of the Great Recession, most financial markets hit bottom around
A. September 2008. B. March 2009. C. September 2009. D. March 2010.
Describe the differences (in sign and relative magnitude) between the government purchases multiplier and the tax multiplier
What will be an ideal response?