Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point F
A. is efficient and attainable.
B. cannot be produced with the current state of technology.
C. represents underallocation of resources.
D. represents what the people want.
Answer: B
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For a given amount of nominal income, the real income will
A. rise as the price level rises. B. fall if the price level falls. C. fall if the price level rises. D. be unaffected if the price level falls.
If there is a(n) __________ in reserves, the potential change in demand deposits is __________
A) deficiency; 0 B) deficiency; positive C) deficiency; negative D) excess; negative
If expected inflation is constant and the nominal interest rate increased 3 percentage points, the real interest rate would
a. increase 3 percentage points. b. increase, but by less than 3 percentage points. c. decrease, but by less than 3 percentage points. d. decrease by 3 percentage points.
The European Union's antitrust is carried out by
A. the World Court. B. the European parliament. C. the European Commission. D. the European Department of Justice.