Susan put $375 into an account and one year later had $405 . What interest rate was paid on Susan's deposit?
a. 5 percent
b. 7 percent
c. 8 percent
d. 10 percent
c
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The structural deficit is the deficit
A) during an expansion. B) that would occur at full employment. C) caused by the business cycle. D) during a recession. E) that does not increase the national debt.
Other things constant, the economy's aggregate demand curve shows that
A) as the price level falls, real GDP decreases. B) any change in the price level shifts the aggregate demand curve. C) the quantity of real GDP demanded decreases when the price level rises. D) the quantity of real GDP demanded and the price level are not related.
In the above figure, a change in quantity demanded with unchanged demand is represented by a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) None of the above represent a change in the quantity demanded with an unchanged demand.
As compared to a perfectly competitive firm, a monopolistically competitive firm will:
A. have less control over price. B. face more barriers to entry. C. face more competitors. D. sell a more differentiated product.