Measures of the Solow residual show it to be

In the national income accounts, net interest is the total interest payments received by households on loans made by them minus

A) interest received from households' ownership of government bonds. B) interest payments made by households on their own borrowing. C) interest payments made by households to foreign lenders. D) taxes paid by households on their interest income.

Using aggregate demand and aggregate supply, explain what happens in the short run if the Federal Reserve raises interest rates in the economy. Be sure to detail what happens to aggregate demand, the price level, the level of GDP, and unemployment

Assume that the economy is at full employment before the interest rate increase.