When the quantity demanded and quantity supplied in a market are equal, the market is said to be in

Suppose people expect inflation to be 3 percent during the next several years. When the real interest rate is 5 percent, the money, or nominal interest rate, will be

a. 1 percent. b. 4 percent. c. 7 percent. d. 8 percent.

If logrolling occurs during the creation of a highway construction bill, this means that

A. members of Congress are agreeing to support someone else's highway, so that other members will support their own projects. B. the bill is moved so fast through the process that no member of Congress can get their project included. C. members of Congress are taking bribes. D. the total costs are being trimmed.