GDP per capita is a relatively good measurement of:
a. the distribution of income.
b. purchasing power.
c. household production.
d. the standard of living.
d
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Use the following graphs to answer the next question.
In the graphs, the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point C on the investment demand curve. To achieve the long-run goal of a noninflationary, full-employment output of Qf in the economy, the Fed should try to ________.
A. decrease aggregate demand by increasing the interest rate B. increase aggregate demand by increasing the interest rate C. make no change in the interest rate D. increase aggregate demand by decreasing the interest rate
In the figure above, the producer surplus is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
How does the goods market return to equilibrium if AE is less than production?
What will be an ideal response?
Revisions in the interest rate target
a. occur on a daily basis b. have widespread impacts on the financial markets c. require Congressional approval d. are based solely on data gathered in previous quarters e. are a no-lose opportunity for the Fed