Other assets are inferior to money in the sense that
A) they increase in value more slowly than does money.
B) they have a lower overall return than money.
C) they are more vulnerable to losing their real value as inflation increases.
D) they generate transactions costs when they are exchanged for money.
D
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If the inflation that results from targeting unemployment becomes unacceptably high, low inflation can be restored
Lower inflation can be obtained by ________ the growth rate of aggregate demand, by ________ money growth, and by________ interest rates. A) lowering; accelerating; raising B) raising; slowing; raising C) lowering; slowing; raising D) lowering; accelerating; lowering E) lowering; slowing; lowering
Which of the following can be a solution to the "free riding problem" by discount retailers?
a. Awarding retailers exclusive territories b. Setting minimum prices for items sold by such specialty retailers c. All of the above d. None of the above
Frictional unemployment
a. can be created both by workers quitting to find more suitable jobs and changes in a country's comparative advantages. b. can be created by workers quitting to find more suitable jobs but not by changes in a country's comparative advantages. c. can be created by changes in a country's comparative advantages, but not by workers quitting to find new jobs. d. is not created by workers quitting to find more suitable jobs nor by changes in a county's comparative advantages.
A situation where a consumer says he does not know his preference ordering for bundles X and Y would violate the property of:
A. more is better. B. complementarity. C. substitutability. D. completeness.