Economic indicators, like unemployment claims and the average workweek, which change before real GDP changes, are called:
A. leading.
B. lagging.
C. coincident.
D. structural.
Answer: A
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Suppose you have $400 to invest at a nominal interest rate of 7 percent, and the investment's term to maturity is 1 year. If the inflation rate is 2 percent, then the real return on your investment is approximately
A) $8. B) $20. C) $28. D) $36.
In the ________ zone, movement in AD to the right will increase both the output level and the price level, while a movement in AD to the left would decrease both the output level and the price level.
a. Keynesian b. neoclassical c. intermediate d. equilibrium
Use the list of items below to answer the question that follows.1.Money market mutual funds held by individuals 2.Savings deposits, including money market deposit accounts 3.Currency held by banks 4.Currency held by the public 5.Shares of corporate stock 6.Small time deposits 7.Checkable deposits 8.Large time deposits Refer to the above table. Which items are included in neither the M1 money supply nor the M2 money supply?
A. 1, 2, and 6 B. 1, 6, and 8 C. 3, 5, and 8 D. 3, 4, and 7
Robert needs to raise $100,000 to pay for an operation that will save his wife's life. The only way he can raise the money is to sell one of his kidneys to a wealthy man in need of a kidney transplant. This is an example of a trade that:
A. may benefit each party but may not be permitted in a society that believes selling body parts is morally wrong. B. would never be permitted in any society. C. may benefit each party but cannot be considered efficient. D. should be permitted as long as each party enters into the agreement voluntarily.