If the economy is at potential output, actual inflation
A. equals expected inflation.
B. is less than expected inflation.
C. is greater than expected inflation.
D. equals the natural rate of unemployment.
Answer: A
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The "secondary credit" of the discount rate is usually lower than the "primary credit," because it is intended for banks in good financial condition
a. True b. False Indicate whether the statement is true or false
A country's indifference curve describes combinations of goods that:
a. a country can purchase. b. yield equal satisfaction to a country. c. yield satisfaction to a country. d. a country can produce.
Which of the following will enable a nation to obtain a combination of consumer goods and capital goods outside its production possibilities curve?
What will be an ideal response?
Use the above figure. When the budget line rotates from "b" to "c"
A. more units of J and more units of K will be purchased. B. fewer units of J and fewer units of K will be purchased. C. more units of J and fewer units of K will be purchased. D. fewer units of J and more units of K will be purchased.