Since the 1960s, student-teacher ratios have ________ from ________ to ________.

A. decreased; 26; 15
B. increased; 15; 26
C. decreased; 17; 15
D. decreased; 35; 15


Answer: A

Economics

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If a lender charged a 9 percent nominal interest rate and the expected inflation rate is 4 percent, what is the difference between the real rate the lender received and the real rate the lender expected when actual inflation ended up being 2 percent?

a. 2 percent b. 4 percent c. -4 percent d. 1 percent e. 0 percent

Economics

If there is shortage of loanable funds, then

a. the supply for loanable funds shifts right and the demand shifts left. b. the supply for loanable funds shifts left and the demand shifts right. c. neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. d. neither curve shifts, but the quantity of loanable funds supplied decreases and the quantity demanded increases as the interest rate falls to equilibrium.

Economics

The value of the marginal propensity to consume

a. can exceed 1. b. is always between 0 and 1. c. can be less than 0. d. is always greater than 1.

Economics

Sources of productivity growth include all of the following except:

A. An increase in the ratio of capital to labor. B. An increase in the price level. C. Better use of available resources in the production process. D. An increase in labor skills.

Economics