In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real interest in the United States was ________ because the ________
A) 0.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
B) 0.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
C) 3.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
D) 3.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
E) not yet calculated; effects of the financial crisis of 2008-2009 have not yet been tallied
The figure above shows the demand for loanable funds curve.
A
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If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price
a. increase in Japanese cars goes into the revenue of U.S. automakers. b. increase in Japanese cars goes into the revenue of Japanese automakers. c. increase in Japanese cars goes into the revenue of the U.S. government. d. decrease in Japanese cars comes out of the revenue of U.S. automakers. e. decrease in Japanese cars comes out of the revenue of the U.S. government.
If one person's use of a good diminishes another person's enjoyment of it, the good is
a. rival in consumption. b. excludable. c. normal. d. exhaustible.