Desired national saving would increase unambiguously if there were
A. an increase in both expected future output and the expected real interest rate.
B. a fall in both government purchases and expected future output.
C. an increase in both expected future output and government purchases.
D. an increase in both current output and expected future output.
Answer: B
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Which of these economic variables is procyclical and coincident?
A) consumer spending B) stock prices C) the government bond spread D) all of the above E) none of the above
Estimates of the values of which of the following non-market goods or services are included in GDP?
a. the value of unpaid housework b. the value of services provided by major household appliances purchased in a previous period c. the estimated rental value of owner-occupied homes d. All of the above are included in GDP.
Over a 10-year period, the Consumer Price Index doubled. On the basis of this information we can say that the average annual rate of inflation over this period was approximately:
A. 5 percent. B. 9 percent. C. 10 percent. D. 7 percent.
Which of the following is a characteristic of a monopolistically competitive market?I. There are many sellers.II.Firms sell slightly differentiated products.III.The demand curve facing each individual firm is horizontal.
A. I and II only B. I and III only C. II and III only D. I, II, and III