The rule of 70 can be stated as follows: A variable with a growth rate of X percent per year
a. doubles every 70/X years.
b. doubles every 70(1 - 1/X) years.
c. doubles every 70/X2 years.
d. doubles every 70/(1 - X) years.
a
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Everything else remaining unchanged, what is likely to happen to the equilibrium real interest rate and quantity of credit if the credit demand curve shifts to the right?
A) Both equilibrium rate of interest and quantity of credit will decrease. B) The equilibrium rate of interest will decrease and the quantity of credit will increase. C) Both equilibrium rate of interest and quantity of credit will increase. D) The equilibrium rate of interest will increase and the quantity of credit will decrease.
The money multiplier is the
A) fraction of the monetary base that is kept in currency. B) number of times that the Fed conducts open market operations in a month. C) factor by which a change in the monetary base is multiplied to give the change in the quantity of money. D) factor by which a change in the deposits base is multiplied to give the change in the monetary base. E) proportion by which a change in the quantity of money changes the monetary base.
The federal government began issuing inflation-indexed Treasury bonds in
A. 1913. B. 1989. C. 1997. D. 2001.
Absent government interference, the wage rate for labor in a competitive market is established
A) solely by the firm's demand for labor. B) solely by the market supply of labor. C) by both the demand for and supply of labor at each individual firm. D) by the the market supply and market demand for labor.