Another way of saying "ceteris paribus" is:
A. Other things equal
B. In general
C. In reality
D. Because of this
Answer: A
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The real interest rate is negative if the inflation rate
A) equals zero. B) is less than the nominal interest rate. C) exceeds the nominal interest rate. D) is equal to the nominal interest rate. E) exceeds the real interest rate.
An activity should be undertaken if the marginal benefit of the activity is greater than the marginal cost of the activity
Indicate whether the statement is true or false
The Fisher equation implies that an increase in the nominal rate of interest relative to the real rate indicates that ________
A) inflation is expected to rise B) inflation is expected to decrease C) the real cost of borrowing has increased D) the real cost of borrowing has decreased E) none of the above
Which actor in the simplified circular flow model buys or rents land, labor, and capital?
A. Firms B. Households C. Markets for factors of production D. Government