The theory of liquidity preference was developed by Irving Fisher

If prices have decreased since the base period, then

A) real GDP is smaller than nominal GDP. B) real GDP is larger than nominal GDP. C) real GDP is equal to nominal GDP. D) there is no way to adjust nominal GDP so that it equals real GDP. E) real GDP can no longer be compared to nominal GDP.

Which of the following market transactions of final goods and services are excluded from the computation of U.S. GDP? a. Purchases of products such as wine, beer, hard liquor, and cigarettes. b. Secondhand transactions, such as when a used car is sold

c. New purchase that a resident of one state makes in a different state. d. Purchases of necessities such as groceries and rent.

A . What is the difference between a pure public good and a near-public good? b. Are streets pure public goods or near-public goods?

Leverage refers to:

a. an IPO b. Secondary offering c. the ratio of debt to equity d. The derivatives market e. All of the above