What are four functions of financial instruments?
What will be an ideal response?
1. They may be used to raise financial capital.
2. They may be used to store value.
3. They may be used to reduce risk.
4. They may be used to speculate.
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According to the quantity theory of money, the quantity of money determines the
a. interest rate. b. level of real output. c. price level. d. level of employment.
In the national income accounts, investment includes: a. expenditures on durable consumer goods. b. government construction of a new dam
c. additions to business inventories. d. purchases of used machinery by businesses.
According to this Application, the longer than usual harmattan has impacted the supply curve for cocoa pods, shifting the supply curve to the ________ due to a(n) ________ in cocoa yields
A) right; decrease B) left; decrease C) right; increase D) left; increase
John Maynard Keynes attributed the "stickiness" of real wages in the early years of the depression to ______. a. the fall in the money supply. b. the tendency of people to cut wages slowly while looking for a job. c. the tendency of employers to ruthlessly replace long-time employees with theunemployed
d. resistance by workers, especially unionized workers, to wage cuts.