money You receive a 4% pay raise this year and 2.5 percent raise next year, over

Question

money You receive a 4% pay raise this year and 2.5 percent raise next year, over the same two-year period, inflation by 6 percent; therefore. Your purchasing power is rising. it is impossible to tell what is happening to your purchasing power without further information. Your purchasing power is falling. Your purchasing power is unaffected by either inflation or the pay raise because they are expressed in nominal, not real, terms. Your purchasing power is still rising because inflation has no effect on purchasing power. In the early days of the Great Depression, the following components of aggregate demand declined. Consumption and Investment spending Business Investment Net exports Investment and consumption, but not net exports Consumption, investment, and net exports The discount rate is the rate at which: Consumers can lake out personal loans from a bank Credit card companies charge cardholders Commercial banks can make overnight loans from the federal reserve Borrowers with the best credit rating get on a home mortgage The discount rate is the rate at which: Consumers can take out personal loans from a bank The interest role that credit card companies charge cardholders the rale at which banks can make overnight loam from the federal reserve The rate which borrowers with the best credit rating gel on a home mortgage Lags in fiscal policy refer to: The time it may take to recognize that the economy is entering a recession Delays in implementing an appropriate expansionary policy by congress to reduce the impact of recession

Explanation / Answer

32. C

33. D

34. A

35. A

36. D

37. d

38. d

39. e

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