Constraints
What will be an ideal response?
-Society's norms
-Money
-Parents
-Time
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The money demand curve is
a. downward sloping b. upward sloping c. horizontal d. vertical e. has an inverted V-shape.
The vertical long-run Phillips curve
a. shows the Fed's employment options b. is vertical because the Fed refuses to change the unemployment rate in the long run c. indicates that the Fed cannot affect the unemployment rate in the long run d. is fixed permanently e. measures recessionary pressures
A business needs a loan to help keep its shelves stocked. This is an example of:
A. an inventory loan. B. equipment leasing. C. consumer finance. D. sales finance.
U.S. exports, foreign travel in the U.S., and foreign capital inflow into the U.S. give rise to
A. a supply of foreign currencies. B. a demand for foreign currencies. C. a lower value of the U.S. dollar. D. decreased foreign exchange reserves in the U.S.