Gross domestic product (GDP) does not include:
a. used goods sold in the current time period.
b. foreign produced goods.
c. intermediate as well as final goods.
d. None of these would be included.
d
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If people suddenly start to expect the price of oil to rise less rapidly than the interest rate, the demand for oil ________ and the supply of oil ________
A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases
An asset is liquid if
A) it earns interest. B) it is backed by a government guarantee. C) it can be exchanged for other items of value without high transaction costs. D) All of the above are correct.
Risk-averse people prefer to hold assets whose returns are positively correlated
Indicate whether the statement is true or false
Which of the following is a stock variable?
a. The interest rate b. Real GDP c. Investment in physical capital d. Physical capital e. Investment in human capital