The incentive to lend increases as the real rate of interest decreases
a. True
b. False
Indicate whether the statement is true or false
False
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A year over year ________ in the buying power of money means that definitely ________ from one year to the next
A) decrease; the price level increased B) increase; inflation increased C) decrease; inflation increased D) increase; the price level increased E) Both answers A and C are correct.
A true understanding of the consequences of public debt requires knowledge only of the current deficit's magnitude
Indicate whether the statement is true or false
A stable monetary policy is essential for the control of ______, efficient allocation of _____, and achievement of ______ ______
Fill in the blank(s) with the appropriate word(s).
Unions may cause unemployment if:
A. outsiders push wages down. B. insiders force real wages higher than the market-clearing level. C. outsiders are subject to minimum-wage legislation. D. insiders are fired and outsiders are hired.