Consumption or household spending of an economy comprises of both consumer spending and business spending
a. True
b. False
Indicate whether the statement is true or false
False
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Financial securities that represent promises to repay a fixed amount of funds are known as
A) stocks. B) pension funds. C) bonds. D) insurance premiums.
Which of the following types of unemployment can the classical model not explain?
a. Structural unemployment b. Cyclical unemployment c. Seasonal unemployment d. Frictional unemployment e. Temporary unemployment
Which concept do some scholars use to explain the growth in free trade after World War II?
a. regionalization b. voluntary export restraint c. embedded liberalism d. hegemonic stability
If both the lender and borrower agree on an 8 percent interest rate, both expect a 4 percent inflation rate, and inflation turns out to be 4 percent, then ________ by the inflation.
A. the borrower gains and the lender is hurt B. both the borrower and lender are hurt C. neither the borrower nor the lender are hurt D. the borrower is hurt and the lender gains