The key indicator of a country's living standard and economic well-being is:
A. real GDP.
B. the interest rate.
C. real GDP per person.
D. nominal GDP per person.
Answer: C
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Financial securities that represent promises to repay a fixed amount of funds are known as
A) stocks. B) pension funds. C) bonds. D) insurance premiums.
The expected return on dollar deposits in terms of foreign currency can be written as the ________ of the interest rate on dollar deposits and the expected appreciation of the dollar
A) product B) ratio C) sum D) difference
]Which of the following describes what would happen after a positive supply shock such as a decrease in world oil prices?
a. An upward shift of the aggregate supply curve as unit costs increase, followed by a gradual decrease in the wage as employment decreases, leading to a downward shift of the aggregate supply curve. b. A downward shift of the aggregate supply curve as unit costs decrease, followed by a gradual increase in the wage as employment increases, leading to an upward shift of the aggregate supply curve. c. An upward shift of the aggregate supply curve as unit costs increase, followed by a gradual decrease in the wage as employment decreases, leading to an upward shift of the aggregate supply curve. d. A downward shift of the aggregate supply curve as unit costs decrease, followed by a gradual decrease in the wage as employment decreases, leading to a downward shift of the aggregate supply curve. e. An upward shift of the aggregate demand curve.
Since 1970 the United States' income distribution has become more equal
a. True b. False Indicate whether the statement is true or false