01 May Question: Question 20(Multiple Choice Worth 1 points) If nominal interest rate equals 12 percent and inflat…
Question 20(Multiple Choice Worth 1 points)
If nominal interest rate equals 12 percent and inflation is 4 percent, then nominal and real interest rates are respectively
12 percent and 8 percent.
12 percent and 16 percent.
16 percent and 8 percent.
16 percent and 12 percent.
8 percent and 4 percent.
Question 21(Multiple Choice Worth 1 points)
If the workforce is paid more frequently, then
real output will decrease.
the money supply will increase.
price level will decrease.
velocity of money will increase.
nominal output will decrease.
Question 22(Multiple Choice Worth 1 points)
If the prime interest rate is 14 percent and the consumer price index is rising at a rate of 6 percent each year, then the real rate of interest is
20 percent.
14 percent.
8 percent.
6 percent.
1.3 percent.
Question 23(Multiple Choice Worth 1 points)
Which of the following interest rates is correctly matched to its definition?
The prime interest rate is the rate the Fed charges member banks to borrow money.
The discount rate is the rate banks charge their best customers when they borrow money.
The federal funds rate is the rate the Fed charges member banks to borrow money.
The prime interest rate is the rate banks charge one another to borrow money.
The federal funds rate is the rate banks charge one another to borrow money.
Question 24(Multiple Choice Worth 1 points)
When a bank’s excess reserves increase by $375 after $500 was deposited in the bank, the reserve requirement must be
10 percent.
15 percent.
20 percent.
25 percent.
30 percent.
Question 25(Multiple Choice Worth 1 points)
Juan can either mow 2 lawns or clean 4 windows in 5 hours. Danny can either mow 5 lawns or clean 25 windows in 5 hours. Based on this information, which of the following is true?
Juan has a comparative advantage in window cleaning, while Danny has an absolute advantage in mowing lawns.
Juan has a comparative advantage in window cleaning, while Danny has a comparative advantage in mowing lawns.
Juan has a comparative advantage in mowing lawns, while Danny has a comparative advantage in window cleaning.
Juan has a comparative advantage in the production of both goods.
Danny has a comparative advantage in the production of both goods.
Question 26(Multiple Choice Worth 1 points)
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