Debt service is the percent of:
A. GDP that is owed in debt.
B. disposable income consumers have to pay for their debts.
C. the total value of household debt that banks pay to create the loans.
D. the total value of household debt that consumers pay in interest.
B. disposable income consumers have to pay for their debts.
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Refer to the table above. Is the United States a debtor or a creditor nation in 2019?
A) a debtor nation B) neither a creditor nor debtor nation C) a creditor nation D) both a creditor nation and a debtor nation E) More information is needed to determine if the United States is a debtor or creditor nation.
Suppose that you are the central bank president in a developing country which is predominantly agricultural. During planting season, c the proportion of demand deposits held as cash doubles, but you wish to keep the money supply constant
You may decide to A) reduce e and/or buy securities and/or lower the rediscount rate. B) increase e and/or buy securities and/or lower the rediscount rate. C) reduce e and/or sell securities and/or raise the rediscount rate. D) increase e and/or sell securities and/or raise the rediscount rate.
From 1970 to 2010, the real price of eggs decreased. Which of the following would cause an unambiguous decrease in the real price of eggs?
A) A shift to the right in the supply curve for eggs and a shift to the right in the demand curve for eggs. B) A shift to the right in the supply curve for eggs and a shift to the left in the demand curve for eggs. C) A shift to the left in the supply curve for eggs and a shift to the right in the demand curve for eggs. D) A shift to the left in the supply curve for eggs and a shift to the left in the demand curve for eggs.
How is a cheeseburger classified?
a) excludable and rival in consumption b) excludable and nonrival in consumption c) nonexcludable and rival in consumption d) nonexcludable and nonrival in consumption