Interest is ultimately
A) any return on investment.
B) the price of money.
C) unearned income.
D) the difference between the subjective value of a good now and a good later.
D
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To Schumpeter, the market process is called
A) dynamic externalities B) static business formation C) creative destruction D) all of these choices.
Aggregation involves adding together different products and services
a. True b. False Indicate whether the statement is true or false
If a shortage exists in a market, the natural tendency is for:
A. price to increase. B. quantity supplied to decrease. C. demand to increase. D. no change in the market.
The line that shows the connection between inflation and unemployment in the short run is called the:
A. inflation-employment trade-off. B. Phillips Curve. C. price-work curve. D. aggregate supply.