Answer the following questions true (T) or false (F)
1. The overall mortality rate in the United States has declined for the past 35 years.
2. Over time, people in the United States and other high-income countries have, on average, become taller, which is an indication that their nutritional status has improved.
3. A majority of people in the United States have private health insurance.
1. TRUE
2. TRUE
3. TRUE
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What price would an individual would be willing to pay for a stock that currently pays a $5.00 annual dividend if the individual expects the dividend to grow by 4% (0.04) per year and the individual has a discount rate of 6.0% (0.06)?
What will be an ideal response?
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Suppose the economy is producing at the natural rate of output
Assuming a fixed natural rate of output and everything else held constant, the development of a new, more productive technology will cause ________ in the unemployment rate in the short run and ________ in inflation in the short run. A) an increase; an increase B) a decrease; a decrease C) a decrease; an increase D) no change; no change
Suppose you have money to lend, but will do so only if you are compensated for the risk of default. If you set a high interest rate on your loan, a likely consequence is that ________
A) safe borrowers will look elsewhere, and only risky borrowers will find your terms attractive B) risky borrowers will look elsewhere, so your money is more likely to go to a safe borrower C) competition from other lenders will force you to lower your interest rate D) you will be prosecuted for predatory lending