An asset is liquid if:
A) its value does not change from day to day.
B) it can be easily converted into cash without loss of value.
C) it offers a positive rate of interest.
D) its value is more likely to increase in future.
B
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An increase in the income of country A relative to the income of country B will usually lead to ________.
A. an increase in country A's exports to country B B. an increase in country B's imports from country A C. an increase in country B's demand for the currency of country A D. an increase in country A's demand for the currency of country B
In the above figure, which point represents an economy which is at the peak part of a business cycle?
A) point F B) point G C) point I D) point K
The money supply is determined
a. only by the Fed. b. by the Fed and banks. c. by the Fed, banks, and the public. d. by congress. e. by the President.
The short-run Phillips curve indicates that expansionary monetary policy will temporarily raise the unemployment rate above its natural rate
a. True b. False Indicate whether the statement is true or false