An increase in the dollar price of the British pound will ________.
A. cause Britain's terms of trade with the United States to deteriorate
B. leave the pound price of dollars unchanged
C. decrease the pound price of dollars
D. increase the pound price of dollars
Answer: C
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The ABC Corporation earned a real rate return of 4.5 percent on an investment. In the economy, the nominal rate of interest was 6 percent and the rate of inflation was 3 percent. We can conclude that
A) the investment was unprofitable. B) the investment was profitable. C) the real rate of interest was 9 percent. D) the real rate of interest was 1.5 percent.
The aggregate supply curve shows the negative relationship between general price level and real GDP
a. True b. False Indicate whether the statement is true or false
The employment-to-population ratio is
A) the percentage of the working-age population who are employed. B) the percentage of the labour force who are unemployed or employed. C) the percentage of the labour force who are employed. D) the percentage of the working-age population who are unemployed or employed. E) none of the above.
If the Lorenz Curve were used to graph the distribution of income in an economy where all households earn the exact same income, the graph would show a _____.
(A) Curved line and sloped diagonally upward. (B) Straight line and sloped diagonally upward. (C) Curved line and sloped diagonally downward. (D) Straight line and sloped diagonally downward.