The rate of return on short-term U.S. government bonds is often referred to as the:
A. federal funds rate.
B. discount rate.
C. risk-free interest rate.
D. yield rate.
C. risk-free interest rate.
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Which is most likely to cause a temporary spurt in the growth of GDP that cannot be maintained in the long run?
a. An unanticipated increase in aggregate demand. b. An anticipated increase in aggregate demand. c. An increase in long run aggregate supply (LRAS). d. An increase in wage rates
In the short-run, society faces a tradeoff between inflation and unemployment
a. True b. False Indicate whether the statement is true or false
The aggregate demand curve shows that when the price level rises, the quantity of real GDP demanded decreases.
Answer the following statement true (T) or false (F)
Wages and salaries (including wage supplements) accounted for ________ of personal income in the United States in 2017.
A. 37% B. 50% C. 63% D. 90%