You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of the year your friend pays you $600 in interest.
A. $60
B. $660
C. $6,000
D. $6,600
Answer: C
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The aggregate expenditure model focuses on the ___ relationship between real spending and ____
Fill in the blank(s) with the appropriate word(s).
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
In the taste-for-discrimination model:
A. a decline in discrimination will reduce the actual African-American-white wage ratio. B. an increase in collective discrimination coefficients of employers will reduce the demand for African-American workers, decrease the African-American wage, and increase African- American employment. C. firms that discriminate will have lower costs than firms that do not discriminate. D. competitive forces will tend to reduce discrimination in the very long run.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.