Despite the monetary expansion of the 1992-2000 period, the inflation rate
a. rose due to adverse supply shocks.
b. rose due to large increases in aggregate demand.
c. fell despite adverse supply shocks.
d. fell due to favorable supply shocks.
d
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If the United States is operating at full production, not only are we using our most ________ technology, but we are utilizing our land, labor, capital and entrepreneurial ability at their most ________________.
Fill in the blank(s) with the appropriate word(s).
In calculating the current yield for a bond the:
A. coupon payment is ignored. B. present value of the capital gain/loss is ignored. C. present value of the coupon payments is the only important consideration. D. present value of the final payment is the only important consideration.
If the APS falls by .03, how much does total saving fall?
C = $7 trillion Disposable income = $10 trillion Autonomous consumption = $3.5 trillion?
Which of these questions does aggregate demand help us answer?
I. What determines the total amount of our output that individuals, firms, governments and foreigners want to buy? II. What is the economy's long-run real Gross Domestic Product (GDP)? III. What determines the economy's equilibrium price level and the rate of inflation? A) I only B) I and II C) II and III D) I and III