Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate
A) plus; equals
B) equals; plus
C) equals; minus
D) minus; equals
A
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The United States suffers more from strikes than Japan but fewer strikes than Canada
a. True b. False Indicate whether the statement is true or false
Which of the following about economic freedom is true?
a. In 1960, the per capita income levels of Hong Kong and Singapore were greater than those of the United States and Canada. b. The economies of Hong Kong and Singapore have grown slowly in recent decades. c. Economic freedom ratings indicate that both Hong Kong and Singapore rank among the world's freest economies. d. Economic freedom ratings indicate that Nigeria and Venezuela rank among the world's freest economies.
Figure 7.6 shows prices, demands, and cost data for the only restaurant in a small town. What is its profit from non-senior customers under the senior discount policy of a $7 senior price and a $10 non-senior price?
A. $1,200 B. $1,500 C. $2,280 D. $2,560
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower