The idea of rational ignorance implies that people are fully informed about their market purchases but uninformed about political issues
a. True
b. False
Indicate whether the statement is true or false
False
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If the inflation rate is zero, the nominal interest rate is
A) greater than the real interest rate. B) positive and the real interest rate is negative. C) equal to the real interest rate. D) less than the real interest rate. E) equal to the inflation rate.
If you are indifferent between investing $1000 for one year in a U.S. Treasury security that has an interest rate of 5% or in a Canadian government security that has an interest rate of 8%, you must be expecting
A) the inflation rate in the United States will be higher than the inflation rate in Canada during the year. B) the U.S. dollar to depreciate against the Canadian dollar by 3% during the year. C) the U.S. dollar to appreciate against the Canadian dollar by 3% during the year. D) productivity growth in Canada to be greater than productivity growth in the United States during the year.
The present value of a future payment to be received in three years is $1,000 . If the interest rate is 5%, what is the amount that will be paid in three years?
a. $1,150.00 b. $1,157.63 c. $1,215.51 d. $1,250.00
The major statistics that provide macroeconomists a picture of the health of an economy include the following, except
A. Real gross domestic product B. Inflation statistics C. Prices of oil and gasoline D. Unemployment data