Suppose that you borrow $10,000 for two years, and at the end of the second year, you must repay $11,664. The interest rate is
A) 16.7 percent.
B) 8.0 percent.
C) 7.0 percent.
D) 9.0 percent.
Answer: B
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The smallest single component of M1 is
A) other checkable deposits. B) traveler's checks. C) savings account balances. D) demand deposits.
The level of output at which the short-run aggregate supply curve and the aggregate demand curve intersect is the full-employment level of GDP
Indicate whether the statement is true or false
An increase in the nominal interest rate, other things constant, will: a. shift the money demand curve to the right
b. shift the money demand curve to the left. c. increase the quantity of money people choose to hold. d. decrease the quantity of money people choose to hold. e. have no impact on the money demand curve.
Use the following choices regarding the various types of unemployment to describe this situation. Tired of the same job, day-in and day-out, Delores quit her job and is looking for more challenging work.
A. frictional unemployment B. structural unemployment C. natural unemployment D. cyclical unemployment