The telephone is an example of a product with network externalities
Indicate whether the statement is true or false
True . The more people use phones the more people benefit from owning one.
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Bond prices and bond yields have a(n) ______________ relationship.
A. direct B. inverse C. independent D. positive
In the long run, a decrease in the money supply will
A) decrease real Gross Domestic Product (GDP). B) increase real Gross Domestic Product (GDP). C) increase the price level. D) decrease the price level.
For most of the Fed's history, the Fed:
A. found banks would borrow from the Fed far more often than they would borrow in the federal funds market. B. tied the discount rate to the rate on Treasury securities. C. was very lenient in making discount loans. D. lent reserves at an interest rate below the target federal funds rate.
The percentage change in real GDP from one period to another is called
A. Nominal GDP. B. Real GDP. C. The growth rate. D. GDP per capita.