High inflation
A) makes money function less well as a store of value.
B) lowers the price level.
C) leads to a more correct allocation of resources.
D) decreases uncertainty.
E) makes it easier to use money as a standard of account.
A
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Which of the following people is considered to be in the labor force? Select all that apply:
A. Gina is a stay-at-home mom and volunteers teaching Sunday school at her local church. B. Sandy quit her job in order to tend to her ailing parents. C. Ronald is currently looking for a job in engineering. D. Nancy is working full-time at her company's corporate office.
The various signaling techniques __________ completely overcome the moral hazard problem in the case of the small borrower, so that small business loans are generally __________-term
A) can; long B) can; short C) cannot; long D) cannot; short
All else equal, if Canada raises its interest rates,
A) the dollar depreciates. B) the U.S. demand for Canadian dollars increases. C) the Canadian supply of Canadian dollars increases. D) Both A and B. E) Both A and C.
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher