Government purchases currently take up about
A) 20 percent of U.S. GNP, and this share has not changed much since the late 1950s.
B) 38 percent of U.S. GNP, and this share has not changed much since the late 1950s.
C) 18 percent of U.S. GNP, and this share has been increasing since the late 1950s.
D) 18 percent of U.S. GNP, and this share has been decreasing since the late 1950s.
E) 25 percent of U.S. GNP, and this share has been decreasing since the late 1950s.
A
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"A shortage in the loanable funds market occurs when the quantity of loanable funds supplied exceeds the quantity of loanable funds demanded." Explain why this statement is correct or incorrect
What will be an ideal response?
The advertised interest rate is the
A. expected rate of inflation. B. nominal interest rate minus the expected rate of inflation. C. real interest rate. D. nominal interest rate.
Tom's Donuts can invest in a new espresso machine that costs $300 and will yield expected profits of $200 each year for two years. At lower interest rates, the present discounted value of profits from the investment
A. decreases. B. increases. C. is unchanged. D. is indeterminate from the given information.
The break-even inflation rate is the
A) excess of the nominal interest rate over the TIPS interest rate. B) inflation rate that makes the nominal interest rate equal the real interest rate. C) negative of the real interest rate. D) inflation rate that is optimal according to the Friedman rule.