A private investment firm that holds a portfolio of securities is called a mutual fund
a. True
b. False
Indicate whether the statement is true or false
True
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"If the inflation rate is positive, then the real interest rate is greater than the nominal interest rate." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
The two main determinants of money demand are
A) GDP and the money supply. B) aggregate supply and aggregate demand. C) interest rates and income. D) the inflation rate and the money supply.
Common sense suggests (and macroeconomists agree!) that sustained economic growth over extended time periods is more important than the economy's short-term fluctuations
Why, then, do macroeconomists (and policymakers, and the general public) care so much about the business cycle?
Among the world’s major industrial countries, the nation with the lowest unemployment rate in 2010 was
a. Germany. b. the United States. c. Japan. d. France.