If a contractionary monetary policy is adopted, ________
A) the real interest rate will fall B) real output will increase
C) the price level will fall D) the demand for labor will increase
C
Economics
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If a bond was to pay off one year from now for $840 and was purchased for $800, what is the interest rate?
A) 4 percent B) 5 percent C) 20 percent D) 40 percent
Economics
According to Joseph Schumpeter, the theory of creative destruction describes a process by which
A) some new products unleash a gale of destruction that drive other new products out of the market. B) the creation of new products never involves the destruction of old products. C) new products unleash a gale of destruction that drives old products out of the market. D) new products are created by the destruction of capital.
Economics