When the inflation rate is zero, the
A) real interest rate is greater than the nominal interest rate.
B) real interest rate is less than the nominal interest rate.
C) nominal interest rate is zero.
D) real interest rate equals the nominal interest rate.
D
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Of the following countries, in which one was the true marginal tax rate faced by the typical worker lowest and the average number of hours worked per week highest from 1993 through 1996?
A) Canada B) Germany C) Italy D) the United States
If you exhibit endowment effect, then you
A) decide rationally when making decisions about selling but not when making decisions about buying. B) have a strong attachment to things you already own. C) buy something you cannot afford. D) decide rationally when making decisions about buying but not when making decisions about selling.
Quotas that entirely eliminate trade in a certain product or a number of products are known as
A) export tariffs. B) deadweight. C) ultimate tariffs. D) embargoes.
A decrease in nominal incomes causes a leftward shift in the short-run aggregate supply curve (SRAS)
a. True b. False Indicate whether the statement is true or false