In the United States in 1933, the unemployment rate was approximately
A. 7%.
B. 25%.
C. 42%.
D. 64%.
Answer: B
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The real rate of interest is the
a. money rate of interest plus the inflationary premium. b. money rate of interest minus the inflationary premium. c. yield one can expect to receive on loanable funds without taking significant risk. d. risk component associated with the ownership of real assets.
Profit equals total revenue minus total cost
a. True b. False Indicate whether the statement is true or false
When the actual reserve-deposit ratio exceeds the desired reserve-deposit ratio banks:
A. make more loans. B. do nothing because this is a profitable situation. C. send the extra reserves to the central bank. D. stop making loans.
The demand for a product is likely to be more elastic
A. the shorter the time the consumer has to adjust to price changes. B. the lower the price of the good. C. the fewer the number of good substitutes. D. the less the essential nature of the good.