The liquidity of money refers to
A. the standard of deferred payments and how quickly those payments can be made.
B. how quickly it can be disposed of without high transaction costs.
C. the amount of gold it is backed by.
D. asymmetric information.
Answer: B
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The number of unemployed divided by the labor force equals the:
A. labor-force participation rate. B. employment rate. C. duration rate. D. unemployment rate.
Any profit earned by a corporation
A) does not get taxed. B) gets taxed once. C) gets taxed twice. D) gets taxed five times.
More and more firms use ____ to determine prices
A) market research. B) competitive comparisons. C) internet auctions. D) games.
When the interest rate rises, the demand for loanable funds falls and the supply of loanable funds rises.
Answer the following statement true (T) or false (F)