If real income increases,
a. there will be a rightward movement along a stationary money demand curve
b. there will be a leftward movement along a stationary money demand curve
c. the demand for money curve will shift rightward
d. the demand for money curve will shift leftward
e. there will be no movement of the demand curve for money and no movement along it
C
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In banking, the spread refers to the difference between the
A) interest rate on long-term bonds and the interest rate on short-term bonds. B) interest rate on car loans and the interest rate on home mortgages. C) average interest rate earned on assets and the average interest rate paid on liabilities. D) bid and asked prices on a bond.
"Full employment" refers to the situation when there is:
A. 100% employment of the labor force B. 0% unemployment rate C. No frictional or structural unemployment D. No cyclical unemployment
If people can benefit from a good even if they do not pay for it, the good is nonrival
Indicate whether the statement is true or false
Private entrepreneurs are likely to make better investment decisions than central planners because
What will be an ideal response?