In economics, money is an example of capital
a. True
b. False
B
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If technological advances lower the cost of computer chips, in the market for computers the equilibrium price will ________ and the equilibrium quantity will ________
A) fall; increase B) fall; decrease C) rise; increase D) rise; decrease
A tax credit for purchases of capital goods causes the interest rate to increase and the exchange rate to appreciate
a. True b. False Indicate whether the statement is true or false
Figure 10-6
In the short-run equilibrium depicted in , the economy's output is
a.
equal to potential GDP.
b.
less than potential GDP.
c.
greater than potential GDP.
d.
equal to the economy's full-employment output.
During the past 15 years, the increased use of _______ ________, ________ ________, and __________ ___________ the velocity of money has tripled the United States since the 1950's.
Fill in the blank(s) with the appropriate word(s).