18% nominal rate expected inflation rate at 12% what is real interest rate?
What will be an ideal response?
6% (18 - 12 = 6)
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What does the supply curve tell us about the producer's minimum supply price?
What will be an ideal response?
When you are faced with a lack of information concerning a purchase, you should:
A. consider the opportunity cost of gaining more information. B. not make the purchase without complete information. C. always seek out the most information you can before making a purchase. D. None of these statements is true.
Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example of:
A. voluntary restrictions. B. tariffs. C. quotas. D. regulatory trade restrictions.
How much is autonomous consumption when disposable income is $2 trillion?
A. 0
B. $1 trillion
C. $1.5 trillion
D. $2 trillion