If government did not individual rights, the efficiency of a market economy_____
a. would decline
b. would be about the same
c. would increase
d. could possibly decline or possibly increase
a
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If the nominal interest rate is 4 percent and the inflation rate is 1 percent, then the real rate of interest is
A) 1 percent. B) 3 percent. C) 4 percent. D) 5 percent.
If the demand for consumer goods increases, the parity price ratio falls
Indicate whether the statement is true or false
The more flexible prices are, the
A. more quickly a shock to the market can be absorbed. B. greater the reliance by sellers to change the nominal price. C. greater demand shifts have to be to bring about a new equilibrium. D. larger the shifts in supply will be after a change in demand.
Which of the following equals the current yield on a bond?
A. (Total reserves - required reserves) × the money multiplier. B. Annual interest payment ÷ current market price of the bond. C. Required reserve ratio ×total deposits. D. Total reserves - required reserves.