Economists disagree about many things. When those disagreements are about which model best explains the economy, these disagreements are primarily over "positive" statements

If a bond pays $50 a year to its holder and you buy it for $200, what is your interest rate?

What will be an ideal response?

If an economy is operating __________ its institutional production possibilities frontier, it is producing __________ output than it would be at full employment

A) below; less B) below; more C) above; less D) above; more E) a and d