At a price below the equilibrium price, there is
A) a surplus.
B) a shortage.
C) excess supply.
D) sub-equilibrium.
E) none of the above
B
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Which of the following best represents the money supply?
A) Money supply = Monetary base. B) Money supply = Monetary base / Money multiplier. C) Money supply = Money multiplier ( Currency in circulation + Reserves). D) Money supply = (Currency in circulation + Reserves) / Money multiplier.
A recessionary gap exists when potential GDP
A. falls short of equilibrium GDP. B. exceeds equilibrium GDP. C. equals equilibrium GDP. D. inflation leads to economic disequilibrium.
Refer to Table 28-4. What is the adult unemployment rate in Meditor?
a. 10% b. 6.7% c. 6.25% d. 4.2%
Annual inflation equal to 1,000% means that prices are rising by
A. 100 times in a year. B. 500 times in a year. C. 1,000 times in a year. D. 10 times in a year.