Refer to the table representing Darcy's bank account. Assuming that $1,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, how much interest would Darcy receive in Year 2 only?
A. $60.
B. $63.60.
C. $120.
D. $123.60.
B. $63.60.
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Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Changes in relative prices during inflationary periods usually lead to
a. decreases in real income. b. some people gaining real income. c. increases in the purchasing power of money. d. increases in real income.
According to the law of demand, quantity demanded decreases as ________, ceteris paribus.
A. prices fall B. demand decreases C. demand increases D. prices rise
The growth rate of output of the entire economy is called
A. factor growth. B. labor productivity growth. C. per-capita output growth. D. output growth.