Which of the following is an example of wealth?
a. a yearly salary of $40,000
b. a mutual fund balance of $1,000
c. rental payments of $3,000 per month
d. stock dividends of $500 per quarter
b
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Describe the debt-deflation process
What will be an ideal response?
A combination of high inflation and recession, usually resulting from a supply shock, is known as
A) hyperinflation. B) disinflation. C) stagflation. D) depression.
A binding price floor (i) causes a surplus. (ii) causes a shortage. (iii) is set at a price above the equilibrium price. (iv) is set at a price below the equilibrium price
a. (i) only b. (iii) only c. (i) and (iii) only d. (ii) and (iv) only
A higher interest rate makes _____ more attractive. Therefore the quantity of loanable funds supplied increases
Fill in the blank(s) with correct word