Until the year _____, there was a clear line of demarcation between commercial banks and thrift institutions.
Fill in the blank(s) with the appropriate word(s).
1980
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Suppose prices are quoted in dollars and transactions are conducted in pesos. The dollar serves as a
A) medium of exchange. B) store of value. C) unit of account. D) all of the above.
Which of the following statements is true of unemployment? a. Cyclical unemployment decreases during recessions and increases during expansions
b. Some unemployment exists even when the economy is healthy and growing. c. Unemployment and inflation are not related. d. People who are willing and able to work but have given up the search for a job are considered unemployed. e. Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.
Any combination of goods beyond the budget line is not feasible
a. True b. False Indicate whether the statement is true or false
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.