Macroeconomics studies the behavior of individual decision makers while microeconomics studies the overall economy
a. True
b. False
B
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A(n) ________ in the supply of loanable funds ________ the real interest rate and ________ investment
A) increase; raises; decreases B) decrease; raises; increases C) increase; raises; increases D) decrease; raises; decreases E) decrease; lowers; decreases
Nominal GDP will increase
A) only if the quantity of final goods and services produced rises. B) if either the price level or the quantity of goods and services produced rises. C) only if the price level rises. D) only if the price level falls.
There is a shortage of quantity demanded over quantity supplied when
A. market price is above equilibrium price. B. market price equals equilibrium price. C. market price is below equilibrium price.
A gold standard pegs the currency to:
A) another nation that also adopts a gold standard. B) a basket of metals: gold, silver, platinum, and palladium. C) the price of gold in local currency. D) the U.S. dollar.