The Phillips curve shows a negative relationship between the:
a. consumption rate and the unemployment rate.
b. savings rate and the inflation rate.
c. interest rate and the savings rate.
d. inflation rate and the unemployment
d
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The ________ states that in an ordinary election between two candidates, the candidates will position themselves in such a way that their platforms reflect the views of the voter in the middle
Fill in the blank(s) with correct word
Refer to Figure 3-4. If the price is $10
A) there would be a surplus of 600 units. B) there would be a surplus of 200 units. C) there would be a shortage of 200 units. D) there would be a shortage of 600 units.
In the case where the spot and forward rates are equal, the currency is said to be selling
A) profitably. B) flat. C) normal. D) risky.
The two main determinants of money demand are
A) GDP and the money supply. B) aggregate supply and aggregate demand. C) interest rates and income. D) the inflation rate and the money supply.