Which of the following best defines total wealth?
A) financial wealth only
B) financial wealth and housing wealth only
C) human wealth only
D) non-human wealth and human wealth
E) none of the above
D
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A company will shut down in the short run if it cannot cover its __________ and will exit the industry in the long run if it cannot cover its __________
Fill in the blank(s) with correct word
The core rate of inflation is a measure of the relative price changes that excludes changes in energy and food prices
Indicate whether the statement is true or false
For each of the following scenarios, state the short-run effect on the AD curve
a. The price level decreases. b. The target inflation rate increases. c. The U.S. dollar falls in value relative to other currencies. d. Government spending increases. e. The Fed becomes more tolerant of deviations from the target inflation rate.
Which of the following statements about nominal interest and real interest is true?
A. Nominal interest is a yearly rate and real interest is a monthly rate. B. Nominal interest does not adjust for inflation, whereas real interest does. C. Nominal interest is what the lender receives and real interest is what the borrower pays. D. Nominal interest and real interest are two ways of saying the same thing.