If your tuition is $25,000 this semester, your books cost $1,500, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $7,500 this semester (same as if not attending college), then your opportunity cost of attending college this semester is

The dependent variable (vertical axis) in standard graphical treatments of the money market is:

a. the exchange rate. b. the real rate of interest. c. real GDP. d. the nominal rate of interest.

Over the next three years, the expected path of 1-year interest rates is 4, 1, and 1 percent. The expectations theory of the term structure predicts that the current interest rate on 3-year bond is

A) 1 percent. B) 2 percent. C) 3 percent. D) 4 percent.