Trading off capital goods for increasing amounts of consumer goods today will most likely result in

A) increased long-term growth.
B) decreased long-term growth.
C) decreased prices in consumer goods.
D) increases in the quantity of consumer goods.


B

Economics

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Because fiscal policy affects the quantity that the government borrows in financial capital markets, it not only affects aggregate demand, but it can also affect _____________ rates.

a. interest b. employment c. inflation d. wage

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The economy has an annual inflation rate of 3.5%. It will take approximately how many years for the price level to double?

A. 28 years B. 21 years C. 10 years D. 35 years

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In economic theory, an unemployment rate of _________ considered desirable

a. 5 percent or less b. 9 to 10 percent c. Under 12 percent d. 18 percent

Economics

With a nominal interest rate of 5%, the present discounted value of $100 to be received in one year is

A) $90.91. B) $95.23. C) $181.82. D) $190.00. E) $220.00.

Economics