All of the following can be used to measure macroeconomic performance except for the
A. International value of the dollar.
B. Total real value of goods and services produced.
C. Growth rate of the population.
D. Average price level of goods and services.
Answer: C
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In Keynes's liquidity preference framework, individuals are assumed to hold their wealth in two forms
A) real assets and financial assets. B) stocks and bonds. C) money and bonds. D) money and gold.
Over-fishing of common fishing grounds happens because fishing grounds are a common property and social and private incentive are the same
Indicate whether the statement is true or false
You bought some shares of stock and, over the next year, the price per share decreased by 7 percent and the price level decreased by 9 percent. Before taxes, you experienced
a. both a nominal gain and a real gain. b. a nominal gain and a real loss. c. a nominal loss and a real gain. d. both a nominal loss and a real loss.
Define saving
What will be an ideal response?