Figure 10-7
Refer to Figure 10-7. Which of the diagrams in Figure 10-7 represents a period of economic growth and inflation?
a.
Panel (A)
b.
Panel (B)
c.
Panel (C)
d.
Panel (D)
c
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It is estimated that if the inflation rate is lowered from 3 percent a year to 0 percent a year, the growth rate of real GDP will rise by ________ percentage points a year
A) 2.3 B) 3.2 C) 1 to 3 D) 0.06 to 0.09 E) 0
Which of the following is NOT an example of adverse selection?
A) A family with a home ten feet from a large river buys flood insurance. B) A company uses the proceeds of a new stock sale to build an unnecessarily luxurious new headquarters. C) A terminal cancer patient buys life insurance. D) A company in serious financial trouble offers to pay you 30% on a loan.