When stock prices become more volatile, the ________ curve for gold shifts right and gold prices ________, everything else held constant
A) demand; increase
B) demand; decrease
C) supply; increase
D) supply; decrease
A
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Prices in resource markets
a. provide users with information concerning the relative scarcity of resources. b. encourage the use of a resource now if its price is expected to rise in the future. c. provide suppliers with little incentive to develop more of those resources that are intensely demanded by users. d. have little impact on productive decisions unless they are closely regulated by the government.
Suppose that the CPI doubles from 1995 to 2004. That means that prices have risen by
A. 50%. B. 100%. C. 150%. D. 200%.
Long-run macroeconomic equilibrium occurs when
A) aggregate demand equals short-run aggregate supply and they intersect at a point on the long-run aggregate supply curve. B) structural and frictional unemployment equals zero. C) aggregate demand equals short-run aggregate supply. D) output is above potential GDP.
In commercial banking operations, there is a trade-off between liquidity and profitability
a. True b. False Indicate whether the statement is true or false