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Author Question: In the long run, the real interest rate is 3 percent, real GDP grows at 4 percent, velocity is ... (Read 118 times)

krzymel

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In the long run, the real interest rate is 3 percent, real GDP grows at 4 percent, velocity is constant, and the quantity of money grows at 6 percent. The nominal interest rate is
 
  A) 3 percent. B) 10 percent. C) 5 percent. D) 6 percent. E) 4 percent.

Question 2

In an economy with no income taxes or imports, if the multiplier is 5, what does the MPC equal?
 
  A) 0.9 B) 0.2 C) 0.4 D) 0.8 E) 0.5



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makaylafy

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Answer to Question 1

C

Answer to Question 2

D




krzymel

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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