From a microeconomic perspective, the relatively low U.S. household saving rate contributes to an increasing inequality of wealth resulting from:
A. the higher saving rate of low-income households.
B. the higher national saving rate.
C. the lower saving rate of low-income households.
D. the lower national saving rate.
Answer: C
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U.S. multinational corporations are allowed tax _________ for taxes paid to foreign governments.
A. deductions B. exemptions C. loans D. credits
Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by August 2007. Which of the following is a likely result of this increase in financial frictions?
A) The AD curve likely shifted left which caused a positive inflation gap. B) The AD curve likely shifted right which caused a positive inflation gap. C) The AD curve likely shifted left which caused an upward movement along the MP curve to a higher general equilibrium interest rate. D) The AD curve likely did not shift. E) none of the above
When someone asks how much money you made this year, they are using the term "money" correctly
a. True b. False Indicate whether the statement is true or false
If the price index was 90 in year 1, 100 in year 2, and 95 in year 3, then the economy experienced
a. 10 percent inflation between years 1 and 2 ,and 5 percent inflation between years 2 and 3. b. 10 percent inflation between years 1 and 2, and 5 percent deflation between years 2 and 3. c. 11.1 percent inflation between years 1 and 2, and 5 percent inflation between years 2 and 3. d. 11.1 percent inflation between years 1 and 2, and 5 percent deflation between years 2 and 3.