The pure rate of interest is approximated by the:
A. rate that savings and loan associations charge on mortgage loans.
B. rate charged consumers by credit card companies.
C. rate paid on long-term government bonds.
D. announced rate at which commercial banks make business loans.
Answer: C
Economics
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In recent years, average household income in the United States was highest for households headed by someone aged
A) 35 to 44. B) 45 to 54. C) 55 to 64. D) 65 and over.
Economics
Which of the following is true? a. At the natural rate of unemployment, the economy is considered to be at full employment
b. At full employment, the economy is producing at its potential output. c. If unemployment is greater than its natural rate, the economy is producing at less than its potential output. d. All of the above are true.
Economics