The purchasing power of money and the price level vary:
A. inversely.
B. directly during recessions but inversely during inflations.
C. directly but not proportionately.
D. directly and proportionately.
A. inversely.
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The quantity of goods and services that can be produced by one worker or by one hour of work is known as
A) per-capita GDP. B) labor productivity. C) real domestic output. D) the labor force participation rate.
Which of the following provisions was not a component of the Intolerable Acts?
a. Permitted British officials charged with crimes to be tried in Britain. b. Raised taxes in Boston to pay for the tea destroyed during the Boston Tea Party. c. Provided for the quartering of troops in the city of Boston. d. Revised the charter of Massachusetts to make some rights dependent on the decisions of a governor who was appointed by England.
Money functions as a store of value if it allows you to:
Delay purchases until you want the goods Measure the value of goods in a reliable way Increase your confidence in money Make exchanges in a more efficient manner
In the short run, there is a positive relationship between _____
Fill in the blank(s) with the appropriate word(s).