Author Question: In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real ... (Read 120 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real interest in the United States was ________ because the ________.
 
  A) 0.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
  B) 0.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
  C) 3.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
  D) 3.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
  E) not yet calculated; effects of the financial crisis of 2008-2009 have not yet been tallied
 
  The figure above shows the demand for loanable funds curve.

Question 2

You decide to spend time studying for a philosophy exam, even though you have offers to go to see a movie, go out to dinner, or go to a poetry reading.
 
  This is a difficult choice for you because you really want to go to the poetry reading and would choose that over seeing the movie or going out to dinner. Your opportunity cost of spending time studying for your philosophy exam is A) going to the movie.
  B) going out to dinner.
  C) going to the poetry reading.
  D) all of the above, since you have offers to do all three



pratush dev

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

For a complete list of videos, visit our video library