When people exchange money for financial assets, the _____ rises
a. real GDP
b. price level
c. unemployment rate
d. nominal GDP
e. interest rate
e
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Refer to Figure 26-5. In the figure above, the movement from point A to point B in the money market would be caused by
A) an open market sale of Treasury securities by the Federal Reserve. B) an increase in the price level. C) a decrease in real GDP. D) an increase in the required reserve ratio by the Federal Reserve.
A manager believes there is a 10 percent chance their firm will have to pay $1,000,000 and a 90 percent chance they will be found innocent and pay nothing except the legal fees of $200,000. If the manager chooses to not settle for $300,000 and to enter the litigation instead, which of the following is true?
A) The manager is a risk lover. B) The manager is risk averse. C) The manager is risk neutral. D) The manager is risk intolerant.
Scarcity:
a. is only a problem in communist countries b. is a problem in both communist and socialist countries, but not in market economies. c. does not exist in wealthy countries. d. will never be eradicated because humans develop new wants as productive capabilities improve.
The demand curve for labor shows the ________ of labor employers wish to hire at any given salary or wage rate, under the ceteris paribus assumption.
a. quality b. frequency c. quantity d. type