At Yearend 2011,state Prisons in the U

question 15

Multiple Choice

At yearend 2011,state prisons in the U.S.were operating between full and _____ percent above capacity.

• A)11
• B)22
• C)33
• D)44

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Definitions:

Nominal Interest Rate

The stated interest rate on a loan or investment, not adjusted for inflation.

Loanable Funds

The money available for borrowing; the market where savers supply funds for loans to borrowers.

Supply

A relation between the price of a good and the quantity that producers are willing and able to sell per period, other things constant.

Demand

Refers to the quantity of a good or service that consumers are willing and able to purchase at various price levels over a given period of time.