Katarina puts money into an account. One year later she sees that she has 6 percent more dollars and that her money will buy 4 percent more goods
a. The nominal interest rate was 10 percent and the inflation rate was 6 percent.
b. The nominal interest rate was 6 percent and the inflation rate was 2 percent.
c. The nominal interest rate was 4 percent and the inflation rate was 2 percent.
d. The nominal interest rate was 10 percent and the inflation rate was 4 percent.
b
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Which statement best describes U.S. tariff history between 1800 and 1940?
A) Tariffs were relatively high throughout, especially during wars, with peaks in 1828 and 1930. B) Tariffs were relatively low throughout, especially during wartime. C) Tariffs were relatively high throughout, especially during wars, with lows in 1828 and 1930. D) None of the above.
Four reasons for firms to hold inventories are given in the text. For each reason, indicate briefly whether and how it helps to explain the high volatility of inventory investment
What will be an ideal response?
For lunch, Wendy eats either a salad or a fruit smoothie. Her weekly food budget is $48. Each salad costs $6 and each smoothie costs $3. When deciding how much of each good to buy, Wendy knows that 2 salads and 4 smoothies will give her a utility of 8. What is Wendy’s utility-maximizing point?
a. 1 salad, 14 smoothies b. 6 salads, 4 smoothies c. 5 salads, 6 smoothies d. 4 salads, 8 smoothies
The slope of the saving function is equal to # randomize
A. The MPS B. The MPC C. 1- MPS D. 1+ MPS