Money is
a. any asset that is convertible into cash.
b. any asset with intrinsic value such as gold or silver.
c. any asset widely accepted as a means of payment.
d. anything that facilitates exchange.
e. cash only.
C
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Use the following diagram to answer the next question.
The move shown in the diagram can be explained by ________.
A. interest rates falling B. businesses becoming pessimistic C. businesses becoming optimistic D. interest rates rising
In the long run, the real interest rate is determined by
A) the nominal interest rate. B) saving supply and investment demand. C) the multiplier effect. D) the expected inflation rate. E) Fed actions.
In the United States, private health insurance companies
A) are all for-profit firms. B) can be either for-profit or not-for-profit firms. C) are all not-for-profit firms. D) are all government-run firms.
Automatic stabilizers act to moderate business cycles primarily through the personal income and consumption channels
a. True b. False Indicate whether the statement is true or false