Stocks and bonds
a. and checking accounts are all stores of value and commonly function as mediums of exchange.
b. and checking accounts are all stores of value, but only stocks and bonds commonly function as mediums of exchange.
c. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange.
d. and checking accounts all commonly function as mediums of exchange, but only stocks and bonds are a store of value.
c
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What does the term "commitment" refer to in game theory?
What will be an ideal response?
If you lend a dollar for a year and at the end of the year the price level has risen by 10 percent
A) the purchasing power of your loan has risen over the year regardless of the interest rate at which you lent it. B) the purchasing power of your loan has remained constant over the year regardless of the interest rate at which you lent it. C) you must have earned a nominal interest rate of 10 percent to maintain the purchasing power of your loan. D) you must have earned a nominal interest rate of 5 percent to maintain the purchasing power of your loan.
The major characteristic of a monopoly is
a. the degree of control over price it can exercise. b. its ability to produce numerous products. c. its price elasticity of demand. d. its source of revenue.
Monetarists' preference for reduced-form models is based on their belief that
A) reverse causation is a problem. B) structural models may understate money's effect on economic activity. C) money supply changes are always endogenous. D) monetary policy affects only investment spending.