Which of the following is not correct?
a. The U.S. economy has never experienced deflation.
b. Since 1965, the U.S. nominal interest rate has exceeded the U.S. real interest rate.
c. Since 1965, the U.S. economy has experienced rising consumer prices in most years.
d. During deflation, the real interest rate exceeds the nominal interest rate.
a
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Economists refer to the actions people take after they have entered into a transaction that makes the other party to the transaction worse off as
A) economic inefficiency. B) moral hazard. C) market failure. D) bad faith.
In a competitive industry
a. the industry has high barriers to entry b. the industry has high barriers to exit c. the industry has high barriers to entry and exit d. the industry has no barriers to entry or exit
Which of the following is closest to the future value of a $100 deposit earning 5 percent interest annually after 5 years?
A. $125 B. $128 C. $1,268 D. $105
Which of the following tends to reduce bank failures as the result of bank runs by depositors?
a. The Federal Deposit Insurance Corporation b. The Federal Open Market Operations Committee c. The comptroller of the currency d. The Senate Banking Committee