How do banks make profits?
They charge borrowers a higher interest rate than they pay depositors.
Economics
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The higher the rate of unemployment:
A. The larger is the GDP gap B. The smaller is the GDP gap C. The higher is the level of actual GDP D. The lower is the level of potential GDP
Economics
Over the long run if central banks want to avoid high rates of inflation, they need to be concerned with the:
A. unemployment rate. B. real economic growth rate. C. money growth rate. D. productivity of labor.
Economics