All income, production, and expenditure variables that are measured at current market prices are referred to as ________
A) real variables
B) nominal variables
C) implicit variables
D) index variables
E) none of the above
B
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Everything else held constant, when stock prices become less volatile, the demand curve for bonds shifts to the ________ and the interest rate ________
A) right; rises B) right; falls C) left; falls D) left; rises
If the Fed sells securities on the open market, this will
a. decrease banks’ excess reserves. b. increase banks’ excess reserves. c. leave banks’ excess reserves unchanged. d. lower the reserve requirement.
Economic theory suggests politicians will be most likely to favor redistribution of income from
What will be an ideal response?
If the stock of money is $250 billion, velocity is 5, and the price level is 10, what is real output?
A. $5 billion B. $125 billion C. $500 billion D. $12,500 billion