During the 1990s, Japan's economy experienced
A) a tripling of values in the stock market.
B) negligible inflation and unemployment rates.
C) falling short-term interest rates.
D) All of the above.
C
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The demand for money curve shows the relationship between the quantity of money demanded and
A) real GDP. B) the inflation rate. C) the real interest rate. D) the price level. E) the nominal interest rate.
If inflation was zero percent, nominal interest rates would be:
A. equal to real interest rate. B. larger than real interest. C. smaller than real interest. D. at the optimal rate.
Microeconomics is the branch of economics that focuses on:
a. broad issues such as growth, unemployment, inflation, and trade balance. b. the actions of particular agents within the economy, like households, workers, and business firms. c. the means of production (resources and businesses) that are owned and operated by private individuals or groups of private individuals. d. workers or firms, and whether they are well suited within the overall production process.
Entrepreneurial ability is defined as the ability to ______.
a. invent economic goods that will change society b. inspire others to reach their professional potential c. negotiate the lowest prices for scarce resources d. develop new products or production processes