Qustlon 18 1 points Save Answer Ms. Smith borrowed $1000 from her bank for one year at an interest rate of 10 percent per year. During that year the price level went up by 15 percent. Who loses and who gains because of the unexpected ination? m a. Ms. Smith loses 10 percent, but the bank gains 5 percent. m b. Ms. Smith loses 5 percent, but the bank gains 5 percent. A 0. Ms. Smith gains 5 percent, but the bank loses 5 percent. A d. Ms. Smith gains 10 percent, but the bank loses 5 percent. Question 23 1 points Save Answer The country of Nemedia does not trade with any other country. Its GDP is $20 billion. Its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. Consumption equals $13 billion, and investment equals $2 billion. What is the value of the goods and services purchased by the government of Nemedia? A- a. $3 billion A b. $5 billion A 0. $17 billion Ad. $19 billion Question 30 Which statement about slope is NOT correct? A a. Slope can be computed by delta x divided by delta y. m' b. Slope explains how much one variable responds to changes in another variable. ' 0- Slope does not change if the line is linear. A' d. Slope is positive if the two variables are moving in the same direction. Question 33 When studying the effects of public policy changes, what do economists do? '' a. They may make different assumptions for the long run and the short run. '' b. They attempt to consider only the direct e'ects and not the indirect e'ects. 0. They can immediately change policies if they are ineffective. 'A' d. They often falsify results if the desired effect is not reached