Interest is most fundamentally a measure of
A) the cost of money.
B) the scarcity of money.
C) the greater subjective value of present over future goods.
D) all of the above.
E) none of the above.
C
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Which of the following would cause prices to rise and real GDP to fall in the short run?
a. an increase in the expected price level. b. an increase in the capital stock. c. an increase in the money supply. d. an increase in taxes.
The short-run Phillips curve shows the relationship between the
A) inflation rate and the unemployment rate. B) inflation rate and the nominal interest rate. C) natural unemployment rate and the expected inflation rate. D) natural unemployment rate and the real interest rate. E) expected inflation rate and the unemployment rate.
A bond and stock differ in that a stock is an IOU for a fixed amount and a bond is a portion of ownership.
Answer the following statement true (T) or false (F)
In the United States, people that have few resources that are valued in the market due to either disability, discrimination, or poor health receive short-term public assistance. Specifically, the government gives some households ____________ .
Fill in the blank(s) with the appropriate word(s).