Secular deflation
A) has been a serious problem during the last three decades in the United States.
B) although present, has not been a problem during the last three decades in the United States.
C) has not been present in the United States since 1959.
D) cannot exist in a capitalistic economy.
C
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Which of the following interest rates is usually below other money market rates?
A) Discount rate B) Prime rate C) Federal funds rate D) Treasury note rate
Answer the following questions true (T) or false (F)
1. At a long-run macroeconomic equilibrium, real GDP is always equal to potential GDP. 2. Stagflation occurs when short-run aggregate supply decreases. 3. An increase in government spending will result in an increase in the price level and an increase in real GDP in the long run.